are lottery wins tax free
Tax Planning for Lottery Winners
are lottery wins tax free
are lottery wins tax free
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are lottery wins tax free How much are lottery winnings taxed ? Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on Prizes may include cash, low-interest or interest-free loans, holidays or cars However, you don't need to declare prizes won in ordinary lotteries such as In the US, lottery winnings are considered taxable income, so winners a subjected to an up-front federal tax on their winnings And, depending