I Won the Lottery! How Bad Are Taxes Going to Be?

how much taxes on lottery winnings
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You'll need to pay taxes on lottery winnings whether you hit the jackpot or won a few hundred dollars Here's how it works and how to lower

The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

how does the green card lottery work Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,

how to enter second chance lottery nc Winning, receiving a share of a win or being gifted money has no tax implications on the initial amount and does not need to be reported to us