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If your winnings put you in a higher tax bracket, you will owe the difference between the withholding amount and your total tax You are allowed

The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that Lottery winnings are considered income and, like most other forms of income, are subject to taxation The Internal Revenue Service

poker now tournament By law, non-resident aliens are subject to a flat 30% federal tax withholding and a % Connecticut state tax withholding on lottery winnings An IRS Form The top federal tax rate is 37% for income over $500,000 The first thing that happens when you turn in that winning ticket is that the federal