Lottery Tax Calculator: How It Works, What You Owe

how much does irs take from lottery winnings
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How much will the lottery winner pay in taxes? The IRS views lottery winnings as ordinary income The top tax bracket for the highest earners

The IRS immediately takes 24% of all lottery winnings over $5,000, dropping the total to approximately $353,476,000 for a winner choosing

how to play texas holdem poker for dummies If you win more than $5,000 in the lottery or certain types of gambling, 24% must be withheld for federal tax purposes You'll receive a Form W-

how to play straight poker If you win more than $5,000 in the lottery or certain types of gambling, 24% must be withheld for federal tax purposes You'll receive a Form W-