How much tax has to be paid on lottery or game show prize money?
How much tax has to be paid on lottery or game show prize money?
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Taxes: The IRS requires that you report ALL Lottery winnings The Lottery is required by law to withhold 24% for federal taxes and % for state income
US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government You will have to pay taxes on your lottery winnings The tax rules involved with your work should be noted well The Legality of Lotteries
can lottery winners remain anonymous in florida Taxes · Federal Income Tax: 24% · State Income Tax: % · Senior citizens are not exempt from having taxes withheld · By law, non-resident aliens are subject to The decision to claim your winnings as a group must be made at the time you claim your prize Group winners must all choose the same payment option What Will I
