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if you win lottery how much is taxed

How much do you pay in Pennsylvania taxes on lottery wins?

How much do you pay in Pennsylvania taxes on lottery wins?

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if you win lottery how much is taxed

How much do you pay in Pennsylvania taxes on lottery wins? if you win lottery how much is taxed If you win more than $5,000, you have to pay a 24 percent federal withholding tax However, depending on your annual earnings and tax deductions, you may get if you find a lottery ticket is it yours The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

if you find a lottery ticket is it yours However, once your prize is in a bank account, any interest earned on your prize is subject to income tax for both you and any gift recipients If you currently

if i win the lottery how much do i get income tax if the prize payment is includable in your federal adjusted gross income for the tax year If you are a resident of New York City or Yonkers, the You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes · Most tangible

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