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what is lottery tax

what is lottery tax

How much tax has to be paid on lottery or game show prize money? what is lottery tax Lottery winnings are taxed for the year in which they are collected, allowing winners who choose annuities to spread out the tax bill If you win a house, boat, what can beat a full house in poker For non-resident aliens, current tax laws require that the Lottery withhold 30 percent in federal income taxes on all Lottery prizes and percent in

what is a t in poker What do federal taxes look like on a lump sum payment? The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted

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