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usa lottery tax

Do I Have to Pay Taxes on Lottery Winnings?

usa lottery tax

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usa lottery tax

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usa lottery tax Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of  Federal taxes: $ million; Take-home: $538 million The total federal tax rate, however, is higher Tax experts say exact tax amounts can't  Unlike in the United States, where lottery wins are taxed, European jackpots are generally tax-free and

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