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what is the federal tax rate on lottery winnings

what is the federal tax rate on lottery winnings

States With the Highest Powerball Taxes what is the federal tax rate on lottery winnings Depending on your other income and the amount of your winnings, your federal tax rate may be as high as 37% gambling, 24% must be withheld what are the best lottery numbers to play Each Idaho lottery prize of under $600 may be subtracted from taxable income If a prize equals or exceeds $600, then no subtraction is allowed

what channel is the pa lottery on All lottery winnings are taxable income If any Missouri or Kansas residents win the jackpot when the Mega Millions numbers are pulled, they

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