Taxes On Lottery Winnings: What You May Owe

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How much are lottery winnings taxed ? Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on

Although you don't have to pay taxes on your lottery winnings, there are a number of things to keep in mind once the money has been sent to you  California, unlike some other states, does not levy income tax on lottery tickets purchased within its borders However, this doesn't mean the

a片白虎 Whoever wins a Mega Millions jackpot will still take home a good chunk of change, but they can say goodbye to at least 24% of their winnings right away  Taxes take a big bite out of your winnings According to the USA Mega analysis, the annuity would pay out $ million after federal income