how much of the lottery is taxed
Publication 140-W - FAQS: New York State Lottery Winners -
how much of the lottery is taxed
how much of the lottery is taxed
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how much of the lottery is taxed Before the winner receives any of the money, however, the IRS automatically takes 24% of the winnings The rest of the winnings are expected to be paid by the That's a big check to write come April 15th Since the tax withholding rate on lottery winnings is only 24%, some lottery winners do not plan However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the