What Is the Tax Rate for Lottery Winnings? - Money

how much do they take out of lottery winnings
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New Yorkers, for example, could see their winnings taxed at up to % or more, depending on where in the state they live Only a few states —

Winnings are taxed the same as wages or salaries are, and the total amount the winner receives must be reported on their tax return each year Before the winner

how is lottery winnings taxed A: Ten percent Q: What is the Lottery Winnings Tax? A: It is a tax charged on all prize money

how many slot machines in vegas Depending on your other income and deductions, amounts withheld by the Lottery on your winnings may or may not be sufficient to meet your total tax obligation