Lottery Tax Calculator: How It Works, What You Owe
Lottery Tax Calculator: How It Works, What You Owe
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How much of your gambling winnings is yours, and how much will you pay in taxes? Use this tax calculator for Kansas betting winnings
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 Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of
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