All About Lottery Taxes

Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,

The installment option also offers a lottery winner the option to migrate to a different State with lower or perhaps no income tax rates Currently, nine

lottery winning numbers illinois The IRS automatically withholds 30% of net lottery winnings in the US The rate at which the net winnings are ultimately taxed though depends on

lottery tickets online uk Your state will tax the winnings too, unless you live in a state that does not impose a state-level income tax The tax rate will be determined by your income