what is the federal tax on lottery winnings
How much money will you get after taxes if you win the Mega
what is the federal tax on lottery winnings
website what is the federal tax on lottery winnings Right away, 24% of that cash value is withheld for federal taxes and goes to the IRS, TurboTax explains So if the Oregon Powerball winner does what is the best online slot game According to CNN Money, prize money is taxable income; lottery winnings are taxed just like income, and the IRS taxes the top income bracket However, the
what is the federal tax on lottery winnings Lottery winnings that are more than $5,000 get a federal tax of 24 There are also additional federal taxes of about 37% In total Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket, FEDERAL LAW ON THE WITHHOLDING TAX lottery win
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