How much do you pay in Pennsylvania taxes on lottery wins?
How much do you pay in Pennsylvania taxes on lottery wins?
The IRS gets $187,992,000 of that right away, since the tax law require 24% federal income tax withholding that is sent directly to the IRS
Most states charge a tax on lottery winnings The amount initially withheld and how the winnings get taxed depends on your state's tax rate
how old do u have to be to buy a lottery ticket 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
how much tax is taken from lottery winnings This includes winnings from the Wisconsin Lottery and out-of-state lotteries gambling session and the amount of money they brought out
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