Gambling Winnings Tax

How are Lottery Winnings Taxed? how much does irs take from lottery winnings How much will the lottery winner pay in taxes? The IRS views lottery winnings as ordinary income The top tax bracket for the highest earners how many numbers in the lottery How winnings are reported to the IRS: Form W-2G The payer must provide you with a Form W-2G if you win: If your winnings are reported on a Form W-2G,

how to hack slot machines Right off the bat, expect the federal government to take at least 24% of winnings over $5,000 upfront Why? Lottery winnings are considered