Mega Millions lottery winnings: How much do you make after taxes?

lottery federal tax rate
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The IRS takes federal tax “off the top ” But the winner then pays additional federal income taxes based on the tax rate tied to their federal

If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding

lottery result 28 12 23 Federal policies to promote efficiency include vocational-education tax, states have typically used a combination of sales and income taxes, and

lottery ticket in lucknow Further, dividends and capital gains would probably be taxed at a federal rate of roughly 24 percent (The sum of the top capital gains and