irs tax on lottery winnings
These Eight States Won't Tax Your Mega Millions Jackpot Winnings
irs tax on lottery winnings
irs tax on lottery winnings
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irs tax on lottery winnings Your lottery winnings are classified as ordinary income, and will be taxed by both the federal and state agencies at the appropriate rate They “The IRS is required to withhold 24% from the winnings, but that doesn't mean whoever wins and chooses the lump sum option is done paying taxes, Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,
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