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The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega
How Much Lottery Tax You Need To Pay In India? how much is taxed on lottery winnings
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That cuts the winner's take home to $595,308,000 Gambling winnings are subject to mandatory federal withholding taxes, so your lump sum payment
how to apply for us green card lottery Tax on winning the lottery, puzzle, card games, betting, & horse races is % The winner can't claim deductions or expenses on such
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