Taxes on Lottery & Gambling Winnings: What You Need to Know

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The federal government treats the lottery winnings as income On prizes over $5,000, the Oregon Lottery withholds at least 24% for federal taxes

States With High Taxes on Lottery Winnings New York is the state with the highest percentage of tax winning withholding, with % withheld by the state  The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

國中做愛影片 That includes building your team — a financial advisor, a tax advisor and a lawyer are highly recommended — and keeping the ticket secure Once 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