Lottery Tax Rates Vary Greatly By State

how much is taxed from lottery winnings
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Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you

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how to tell if a slot machine is hot The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes

how long does a game of poker take million, taxable at ordinary rates as gambling winnings Now, in theory, the government could have taxed the entire amount as soon as Maginnis won the lottery