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what is the tax rate for lottery winnings

what is the tax rate for lottery winnings

Taxes on Lottery & Gambling Winnings: What You Need to Know what is the tax rate for lottery winnings Regardless of which option the player takes, the IRS takes a minimum 24% federal withholding tax upfront on lottery winnings That's a big chunk what time is tonight''s lottery draw If your winnings put you in a higher tax bracket, you will owe the difference between the withholding amount and your total tax You are allowed

what is the importance of lottery bond You'll include the amount of your winnings when you file your tax return for the year rather than at the casino when you claim them Make sure to keep good

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