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what is the lottery tax

what is the lottery tax

Do you need to pay tax on lottery winnings? what is the lottery tax Under Act 84 of 2016, the Pennsylvania personal income tax of percent now applies to Pennsylvania Lottery cash prizes paid after January 1, 2016 what to do after you win the lottery Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,

what is the first thing you should do if you win the lottery No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual

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