Game Show Tax: How Taxes on Winnings & Prizes Work
If you win more than $5,000 in the lottery or certain types of gambling, 24% must be withheld for federal tax purposes You'll receive a
Gambling Winnings Tax how to calculate taxes on $5000 lottery winnings
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The IRS takes 24% of winnings for any award of $5,000 or more, but you could also owe more taxes to the federal government if the amount of
how to make a monkey paw for slot machines The Michigan Income Tax Act has no provision to subtract your losses on the Michigan individual income tax return You cannot net the winnings and losses for