Winner Of $ Billion Lottery Gets $ Million After Tax
That's because when anyone wins the lottery, the IRS withholds 24% of the winnings off the top With a large jackpot, if the winner opted for the lump sum cash
What Percentage of Lottery Winnings Would Be Withheld in Your how much tax do they take out of lottery winnings
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If you win enough to receive Form W-2G, this should be sent to you by January 31 following the year in which you won the income The issuer of the form
how long are poker games The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from all payments of reportable Connecticut lottery winnings made