Three of the ten largest lottery jackpot winning tickets in US history

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If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding

Tax rates run from 1 percent to percent, just like for other pensions, private pensions and military retirement income Powerball jackpot on Tuesday could pick up their cash prize without owing any state taxes, because California doesn't tax lottery winnings

25 tarikh ka lottery fax The IRS automatically withholds 30% of net lottery winnings in the US The rate at which the net winnings are ultimately taxed though depends on The California Lottery is required by law to withhold federal taxes, which can vary based on the state the winner lives in At the very least,