All About Lottery Taxes

if you win 10 million in a lottery how much is taxed   Dan if slot players knew this they would never stop playing

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

Whoever wins a Mega Millions jackpot will still take home a good chunk of change, but they can say goodbye to at least 24% of their winnings right away  You'll receive a Form W-2G reporting your winnings, and you must report the money you received from a lottery payout as “Other Income” on your 1040 form If

向裡佑香 Though there are some states that do not have a state lottery tax withholding, they all must withhold 24% in federal tax on prizes as large as If they choose the $ million cash option, the 24% withholding automatically reduces the prize by about $129 million However, the jackpot