Powerball Jackpot Winner Will Get a Hefty Tax Bill
Powerball Jackpot Winner Will Get a Hefty Tax Bill
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the IRS means the Internal Revenue Service Gambling winnings means and includes proceeds from a wager placed in a sweepstakes, wagering pool, or lottery (other
The Internal Revenue Service is usually first in line to apply a 37% tax rate to your winnings The good news is there is no income tax on But unluckily, the IRS will take 25% of your winnings right off the bat You may owe an additional 13% for your state and local taxes too; the percentage you
demo slot mirip asli Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse and dog races and casinos, as well as the fair market value of prizes The IRS considers lottery winnings as gambling winnings and taxes the income the same as other types of ordinary income This means you'll