Lottery Tax Rates Vary Greatly By State

Lottery Tax Rates Vary Greatly By State lottery taxes in florida
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lottery sambad yesterday 6 pm If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding What do federal taxes look like on a lump sum payment? The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted