What Is the Tax Rate for Lottery Winnings? - Money

Depending on the number of your winnings, your federal tax rate could be as high as 37% as per the lottery tax calculation State and local tax rates vary by

The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

how to play pai gow poker Q- How much tax is paid for a 5 crore lottery? The entire amount received will be taxable at the flat rate of % The award winner would

how old to play the lottery When you win a trip, you are taxed on its fair market value Depending on the sort of holidays you take, the taxes might be as much as you'd normally spend on