How much is tax on lottery winnings?

how much is federal tax on lottery winnings
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The cash prize amount will drop to around $223 million after a mandatory federal tax withholding of 24% is deducted Depending on the winner's

When a lottery prize is claimed by a group, family unit, club or other organization, the multiple winners will be required to file an Internal Revenue

how to cancel post code lottery Some states have no income tax or don't tax lottery winnings, but others have top-income state tax brackets exceeding 10% Powerball isn't

how long does it take to receive lottery winnings in canada The same is true at the state level While lottery winnings are subject to state income tax in most states, withholding tax varies from zero (