How Much Tax Is If You Win The Lottery

Lottery jackpot records federal tax on lottery
➡️【Mk.com】✅आपको हमारी ऑनलाइन कैसीनो साइट मिलेगी ✅ आपके पसंदीदा कैसीनो गेम की विविधता प्रदान करती है, दांव सभी बैंकरोल के लिए उपयुक्त हैं, और हम मित्रवत हैं ✅  An immediate deduction of $187,992,000 is taken by the IRS due to the requirement in tax law for a 24% federal income tax withholding, which is federal lottery tax First, any prizes above $5,000 will be hit at least with a 24% federal tax, regardless of which state you are in The winner may owe additional

federal government grant real facebook lottery winners list According to CNN Money, prize money is taxable income; lottery winnings are taxed just like income, and the IRS taxes the top income bracket However, the