9 Smart Moves for Lottery Winners

how do lottery payouts work
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Lottery Tax Calculator: How Taxes on Lottery Winnings Work Lottery winnings are subject to federal and sometimes state taxes If you win big,

Lottery prize money is generated by ticket sales The more people that buy tickets — and the longer it goes before somebody wins the jackpot —

how to calculate lottery winnings Either way, be prepared for a huge tax bill yourself Lottery winnings are taxed as income The federal tax on big winnings nears 40% And, of

how many decks in poker Yes, Lottery prizes are taxable income under federal and state law For prizes over $600, you will receive a W-2G form from the Lottery to report your winnings