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Smart tax strategies for lottery winners - Tax Insider

Smart tax strategies for lottery winners - Tax Insider

Daftar irs tax on lottery winningsirs tax on lottery winnings
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Winning millions will also send you into the highest federal income tax bracket In 2023, that means single filers will pay $174,238 plus 37% of

So when the winner next files their taxes, they'll likely have to give the IRS another 13% of that prize RELATED: How one lottery-winning

irsh lottery The IRS views lottery winnings as ordinary income The top tax winning the lottery would bump the winner — has a 37 percent tax rate

irs lottery tax Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments

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