Do I have to pay taxes every year on lottery winnings?

what percentage of lottery winnings go to taxes
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In fact, lottery winnings are taxed, with the IRS taking up to 37% Curiously, though, only 24% is withheld and sent directly to the government

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 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,

pk999 slot 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, The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega