how much is federal tax on lottery winnings
How much $ Powerball winner takes home after taxes
how much is federal tax on lottery winnings
how much is federal tax on lottery winnings
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how much is federal tax on lottery winnings The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and That's a big check to write come April 15th Since the tax withholding rate on lottery winnings is only 24%, some lottery winners do not plan
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