What You Need To Know About Lottery Taxes

What You Need To Know About Lottery Taxes when you win the lottery how much goes to taxes
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when should you fold in poker There are federal and state US taxes payable on larger US lottery winnings The federal tax rate that is paid as a non-resident winner is 30% on payouts above

when is the next powerball lottery Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket, There's no tax to pay when you win the lottery! Result! However, you might have to start paying tax when your winnings start making you money