Taxes on Lottery Winnings by State 2024
Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%
North Carolina Gambling Winnings Tax Calculator nc lottery tax
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Types of lottery games; lottery games and lottery advertising; certain disclosures All prizes are subject to the State income tax An eligible
nc lottery result The 2024 federal tax brackets place the Mega Millions jackpot winnings at a 37% tax rate, whether the winner opts for the lump sum or not That's because the 37
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