Lottery Winnings Tax Rates by State

Lottery Winnings Tax Rates by State nc lottery tax
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nc lottery check numbers mega millions Lottery winnings over $5,000 are subject to both federal and state income tax withholding—this is, part of your winnings are automatically paid

nc lottery mega Taxes are deferred until payouts are received Winners choosing annuity payments often hedge their bets that tax rates will be lower in the future Investment About 30 percent of lottery revenue goes to education Even if the NC Education lottery gave 100 percent of its revenue to schools, that would only cover about