us lottery tax calculator
Claiming a DC Lottery Prize DCLB
us lottery tax calculator
website us lottery tax calculator The 2024 federal tax brackets place the Mega Millions jackpot winnings at a 37% tax rate, whether the winner opts for the lump sum or not That's because us tax on lottery winnings Still, you'll probably owe more when taxes are due, since the top federal tax rate is 37% So a good first step a lottery winner could take
us lottery tax calculator If you want to avoid surprises, use this tax calculator and find out how much you will owe in taxes on your lottery winnings The lottery automatically withholds 24% of the jackpot payment for federal taxes When you file your next return after winning, you will be responsible for the But IRS tax rates don't stop at 24% In fact, the federal marginal rate is as high as 37%, depending on the winner's taxable income The winner
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