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how much taxes are taken from lottery winnings

how much taxes are taken from lottery winnings

Taxes on Lottery Winnings by State 2024 how much taxes are taken from lottery winnings In most states, the tax is taken from the prize money before it's ever given to the winner Details on when and how much the winner pays differ how to win online slot games If the winner takes the payout, as many do, the federal tax would cut the prize by around $149 million In an estimate from USA Mega, an

how do i play the lottery Federal Tax Withholding: The lottery is required to withhold 24% of your winnings for federal income tax purposes if you win more than $5,000

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