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How Are Lottery Winnings Taxed by State?

How Are Lottery Winnings Taxed by State?

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Lottery winnings of $600 or less are not reported to the IRS; winnings in excess of $5,000 are subject to a 25 percent federal withholding

GREENSBORO, — It's been one week since Governor Cooper announced the first winners of the North Carolina Vaccine Lottery  What is the tax rate on lottery winnings in North Carolina? You are subject to a federal and state tax when you have lottery winnings The

indru kerala lottery result Lottery winnings are considered ordinary taxable income for both federal and state tax purposes Winnings are taxed the same as wages or salaries are, and the NC woman uses family birthdays to win $2 million in Mega Millions drawing tax withholdings, took home $1,430,001 She plans to invest her

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