What Is the Tax Rate for Lottery Winnings? - Money

What Is the Tax Rate for Lottery Winnings? - Money how much tax deducted from lottery winnings
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how to do poker face How to calculate gambling duty ; 1 Totalisator betting in connection with horse racing, 25% x (Amount of bets received - Winnings paid out

how hard is it to win the lottery Like all other taxable income, the IRS requires you to report prizes and winnings on your tax return, too That means you might have to pay The chances of winning Powerball's Some states have no income tax or don't tax lottery winnings, but others have top-income state tax brackets