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is lottery winnings tax free

is lottery winnings tax free

How much tax do you have to pay for lottery winnings? It is lottery winnings tax free Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a is it worth playing the lottery Meanwhile, other states have tax rates for lottery winnings that generally range from about 3% to almost 11% But in any case, once applicable taxes are taken

is there an app to scan lottery tickets Winning the lottery can be a life-changing event, but it also brings a significant financial responsibility, including potential tax

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