How Taxes on Lottery Winnings Work

federal taxes on lottery winnings
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Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher

The winner of the lottery jackpot that currently sits at $ billion would expect to pay at least $135 million in federal income taxes if they

federal tax lottery winnings Lottery winnings are also subject to taxes in some states, including rates as high as % in New York to as low as % in

federal taxes on lottery winnings federal tax refunds and NC Education Lottery winnings These will be applied Collections