Lottery And Taxes

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That's because lottery winnings are generally taxed as ordinary income at both the federal and state level In

Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax If the winner takes the payout, as many do, the federal tax would cut the prize by around $149 million In an estimate from USA Mega, an

www new york lottery winning numbers That cuts the winner's take home to $595,308,000 Gambling winnings are subject to mandatory federal withholding taxes, so your lump sum payment How Much Do Lottery Winners Pay in Taxes? Unveiled! Are you curious about the tax