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what percentage of taxes are taken out of lottery winnings

Did you win the Mega Millions lottery? Time to think about taxes

what percentage of taxes are taken out of lottery winnings

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what percentage of taxes are taken out of lottery winnings

website what percentage of taxes are taken out of lottery winnings Taxes: The IRS requires that you report ALL Lottery winnings The Lottery is Debt Set-Off Program: The Lottery is required by S 5-525, to what percent of lottery winnings go to taxes Depending on your other income and the amount of your winnings, your federal tax rate may be as high as 37% You may also be subject to state

what percentage of taxes are taken out of lottery winnings Yes All winnings from an out-of-state lottery are taxable for New Jersey gross income tax purposes, regardless of the amount   Taxes: The IRS requires that you report ALL Lottery winnings The Lottery is Debt Set-Off Program: The Lottery is required by S 5-525, to  If your prize is over $5,000, the IRS requires the payor to withhold 28% for federal taxes In addition to federal tax on lottery winnings, your

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