how much does the government tax lottery winnings
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how much does the government tax lottery winnings
how much does the government tax lottery winnings
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how much does the government tax lottery winnings How much the winner could owe in taxes Before seeing a penny of the jackpot, the winner will pay a 24% mandatory upfront federal withholding Where there is a particular percentage that has been forgone either in favour of the Government or the agency conducting lotteries, then this portion will not 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
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