I Won the Lottery! How Bad Are Taxes Going to Be?

how much taxes are deducted from lottery winnings
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If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% Income tax is withheld at a flat 24% rate from

Regardless of which option the player takes, the IRS takes a minimum 24% federal withholding tax upfront on lottery winnings That's a big chunk

how many chips to start with in poker 1 Page 2 Chapter 560-7-8 Returns and Collections showing the amount of the lottery prize proceeds and the amount of income tax withheld The Georgia Lottery

how to purchase an extra member slot on netflix State tax rates on lottery winnings vary If you live in Georgia, your state tax rate for lottery winnings is % That means you get