What Is the Tax Rate for Lottery Winnings? - Money

how much is federal tax on lottery winnings
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So when the winner next files their taxes, they'll likely have to give the IRS another 13% of that prize RELATED: How one lottery-winning

Right away, 24% of that cash value is withheld for federal taxes and goes to the IRS, TurboTax explains So if the Oregon Powerball winner does

how much is poker chips worth Right away, 24% of that cash value is withheld for federal taxes and goes to the IRS, TurboTax explains So if the Oregon Powerball winner does

how do slot machines work The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn