23VAC10-140-282 Withholding on lottery prizes

how much taxes come out of lottery winnings
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Besides the time-value-of-money discount rate, a lump-sum payout also results in federal tax of 37% on every dollar over $539,900

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

how to play mississippi stud poker Q- How much tax is paid for a 5 crore lottery? The entire amount received will be taxable at the flat rate of % The award winner would

how do i check my postcode lottery account Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,