Mega Millions lottery winnings: How much do you make after taxes?

how much taxes are taken from lottery winnings
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Like all other taxable income, the IRS requires you to report prizes and winnings on your tax return, too That means you might have to pay

Tax Rate: Winning from lottery is taxable at a special rate of 30% No deduction is allowed Also no benefit of slab rate can be taken  Hit the jackpot? Learn how your lottery winnings are taxed Discover key strategies to manage your windfall and financial obligations

link slot thailand terpercaya That's because lottery winnings are generally taxed as ordinary income at the federal and state levels In fact How much of a prize Is taken out for taxes? The lottery is required by the The state of South Dakota does not tax lottery winnings How can I hear