Taxes on Lottery Winnings Explained

Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments

Do you need to pay tax on lottery winnings? Good question If you're wondering if you have to pay tax on lottery winnings then guess what, you

tax for lottery winnings The winner will likely be responsible for an additional 13% in federal taxes when their taxes are due, which will reduce the earnings to around

tax on lottery winnings uk Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you