Smart tax strategies for lottery winners - Tax Insider

what is the taxes on lottery winnings
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Meanwhile, other states have tax rates for lottery winnings that generally range from about 3% to almost 11% But in any case, once applicable taxes are taken

Besides the time-value-of-money discount rate, a lump-sum payout also results in federal tax of 37% on every dollar over $539,900 Such gains are subject to taxation under the Income from Other Sources heading Taxes that are due must be paid, or else fines and legal

darmowe gry slot 777 Personal Income Tax Prizes received by Massachusetts residents from the Massachusetts lottery or from lotteries, raffles, races, beano or other events of Winnings received are not taxable as they are windfalls and not considered as an income You do not need to declare the winnings in your Income