Do you need to pay tax on lottery winnings?

Do you need to pay tax on lottery winnings? how much money do you get if you win the lottery Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments how much tax deducted from lottery winnings So, when you take the cash option, you will end up with $446,014,045 after federal taxes Now it is the state's turn State tax rates on lottery

how much tax deducted from lottery winnings So, when you take the cash option, you will end up with $374,954,812 after federal taxes Now it is the state's turn State tax rates on lottery

how much chips do you start with in poker 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  So, when you take the cash option, you will end up with $374,954,812 after federal taxes Now it is the state's turn State tax rates on lottery