How much money will you get after taxes if you win the Mega

how much do they tax the lottery
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Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a

How Are Lottery Winnings Taxed? The IRS will charge you federal tax on the net amount of your lottery winnings The net amount is the total of Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%

slot depo pulsa 5k If you win more than $5,000 in the lottery or certain types of gambling, 24% must be withheld for federal tax purposes You'll receive a Form W- The relevant tax that is withheld at source once surcharge and cess are taken into account is % How is Online Gaming Taxed Under the Income