Smart tax strategies for lottery winners - Tax Insider

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Fourteen states don't levy additional tax on lottery winnings Illinois: % Louisiana: % North Carolina: % Oklahoma:

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new jersey midday pick 4 lottery If you receive a large winnings payout as a lump sum, you leave your money vulnerable to higher tax rates by the IRS Are foreign lottery There are taxes on gambling in Illinois? Find out what you will pay and what you will take home with our Illinois gambling tax calculator