Lottery Winnings FAQs

lottery winnings after taxes
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US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government

Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%

lottery sambad 41123 Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or

lottery sambad 1006 23 Every state is required to withhold 25% in a federal lottery tax, After additional withholdings, you'll be losing roughly 37% of your jackpot to