What Percentage of Lottery Winnings Would be Withheld in Your

what percentage of lottery winnings go to taxes
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However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the

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

what time is lottery cut off Winning this would instantly place the player into the top federal tax bracket, 37 per cent Because the United States has a progressive tax

what time is the national lottery drawn The General Tax Rate The basic tax rate throughout India for lottery winnings is 30 percent The rate is specific for the taxation of lottery