I Won the Lottery! How Bad Are Taxes Going to Be?
I Won the Lottery! How Bad Are Taxes Going to Be?
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How are Lottery winnings taxed? All Lottery prizes, regardless of the You may wish to consult a tax advisor if you have further questions LINK
Lottery winnings are taxed at a flat 30% rate in the states where it is legal to play and can be added an extra percentage depending on the 30% of lottery winnings are subject to income tax Surcharge equals 15% of the income taxes paid if the amount is greater than one billion, one
free online poker for beginners The prize is taxed if a person takes the annuity option − which is what the advertised jackpot figure represents − or the lump sum A 2018 USA The lottery prize payment is gambling winnings taxed as ordinary income A federal Form W-2G, Certain Gambling Winnings, will be issued to you reporting
