Lottery Winnings
Lottery Winnings
lottery winnings taxes
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Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or
The 2024 federal tax brackets place the Mega Millions jackpot winnings at a 37% tax rate, whether the winner opts for the lump sum or not That's because the 37
lottery result 11 1 24 This includes winnings from the Wisconsin Lottery and out-of-state lotteries tax is voluntarily withheld from gambling winnings, then the
lottery 91 club The winnings constitute Part B income, taxed at 5% Directive 2: She cannot deduct the cost of the losing tickets to the extent of gambling gains because these