how much does the government take from lottery winnings
How much would the $ billion Powerball jackpot's tax bill be?
how much does the government take from lottery winnings
how much does the government take from lottery winnings
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how much does the government take from lottery winnings The federal government will take 24% off the top of lump sum winnings from a lottery jackpot do not tax lottery winnings This means Generally, if someone wins a raffle, Lotto or prize money in a draw, these winnings are not taxable Similarly, prize money from a dog Lottery Tax Calculator helps you determine what you owe in taxes Know how lottery winnings are taxed? What is the tax rate for lottery? And more at TaxAct