Claiming a DC Lottery Prize DCLB

Some states have no income tax or don't tax lottery winnings, but others have top-income state tax brackets exceeding 10% Powerball isn't

Claiming a DC Lottery Prize DCLB 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

Some states have no income tax or don't tax lottery winnings, but others have top-income state tax brackets exceeding 10% Powerball isn't

what should i do if i won the lottery That's because when anyone wins the lottery, the IRS withholds 24% of the winnings off the top With a large jackpot, if the winner opted for the lump sum cash

Anyone who receives winnings from lottery games, racetrack betting or gambling must pay income tax percent on a resident's winnings For a nonresident

what time is lottery tonight Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

Out of the $ million cash value, that would be about $ million you'll lose up front However, because you'd be bumped into the top