federal tax rate for lottery winnings
Winner Of $ Billion Lottery Gets $ Million After Tax
For example, in New York, lottery winnings are subject to a progressive tax rate that ranges from 4% to %, depending on the size of your
Income Tax Rates federal tax rate for lottery winnings
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Not all states tax for lottery winnings, Federal does though Federal is entitled to 28% under 500k Over 500k they can take up to like 38% For
federal tax for lottery winnings The Lottery Department shall withhold Virginia income tax at the rate of % on the proceeds from any lottery prize in excess of $5,000 The tax shall be
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