TAXATION OF WINNINGS IN OUT-OF-STATE LOTTERY
TAXATION OF WINNINGS IN OUT-OF-STATE LOTTERY
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As a general rule, if you live in one state and win a lottery in another, you are first taxed by the state where you bought the lottery ticket
Taxation is imposed upon all income sources You may think that lottery winning would not be considered as an income source, but it is counted If you fall into the highest federal tax bracket you will have to pay a 37% tax rate Lottery agencies will generally withhold 24% of any lottery winnings of
cuantas cartas trae la baraja de poker The prize money will be considered as separate from your income, and your regular income will be taxable as per your income tax rate slab You do not get any The Pennsylvania Lottery will automatically withhold PA personal income tax on prizes greater than $5,000 claimed after July 12, 2016 Winners of over $600
