Income Tax on winnings from Lottery, Game Shows, Puzzle

how much lottery tax
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In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal

While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding

how to purchase an extra member slot on netflix 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

how hard is it to win the lottery The winnings are subject to a flat tax rate of 30% without any deductions The tax is usually deducted at