How Taxes on Lottery Winnings Work

how much lottery after taxes
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US Mega Millions - Lottery prizes are subject to taxation at source There are three tax bands Tax Band 1: Tax-free up to $ Tax Band 2: Any prize

US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government

how many cards do you deal in poker There are federal and state US taxes payable on larger US lottery winnings The federal tax rate that is paid as a non-resident winner is 30% on payouts above

how many poker chips for 2 players If I won today's $550 million jackpot, I'd pay 24% in federal taxes, plus 4% in state taxes What they're saying: It's difficult