How much taxes will be due on a US lottery winner after deductions

How much taxes will be due on a US lottery winner after deductions how much does the irs take from lottery winnings However, there are 13 states that do not collect taxes on residents' lottery winnings take the lump sum option they'd earn how to pick winning lottery numbers Answer: Lottery payments are subject to tax as ordinary income While there is little you can do to avoid this income tax, there are steps you can take to

how to pick winning lottery numbers Who must pay Maryland income taxes on their winnings? Anyone who receives winnings from lottery games, racetrack betting or gambling must pay income tax on

how to buy powerball lottery tickets online The federal tax rate on lottery winnings is 24%, which means you would owe $240,000 in taxes If you live in a state with a state income tax, The Internal Revenue Service imposes a federal tax rate of 24%, and California's state income tax, with rates ranging from 1% to %,