how much do they take out of lottery winnings
These are the best, worst states to win the lottery in
how much do they take out of lottery winnings
how much do they take out of lottery winnings
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how much do they take out of lottery winnings The Lottery Department must deduct and withhold tax at a rate of % from $5,000 or $ Example 3: B purchases a lottery ticket for $ in the state However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,
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