Taxes on Lottery & Gambling Winnings: What You Need to Know

what percentage of taxes are taken out of lottery winnings
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In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal

out you're going to have to pay half of it in taxes It can be a taken out of your winnings and sent to the IRS or state) may be

what''s the latest time you can buy a lottery ticket If the total $ billion payout is chosen: Federal taxes: $324 million; Take-home: $ billion If the cash option

what were the winning lottery numbers As previously mentioned, you have to pay federal income tax on lottery winnings Right off the bat, lottery winnings over $5,000 are subject to