Income Tax on winnings from Lottery, Game Shows, Puzzle
Income Tax on winnings from Lottery, Game Shows, Puzzle
how much is taxes on lottery winnings
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Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The
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
how to make money playing poker When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal
how to win chinese coin slot machine Most states charge a tax on lottery winnings The amount initially withheld and how the winnings get taxed depends on your state's tax rate