lottery taxes federal
What Is the Tax Rate for Lottery Winnings? - Money
lottery taxes federal
website lottery taxes federal Lottery winnings that are more than $5,000 get a federal tax of 24 There are also additional federal taxes of about 37% In total lottery sambad 07 06 24 Most prize winners pay a fixed federal income tax rate of 24% on their lottery winnings over $5,000 Federal prize withholdings are calculated on the amount of
lottery taxes federal If you have won more than $5,000, the payer may be required to withhold 28% of the proceeds for Federal income tax However, if you did not provide your Lottery winnings that are more than $5,000 get a federal tax of 24 There are also additional federal taxes of about 37% In total If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding
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