Tallying Up the Taxes on Lottery Winnings - TurboTax

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The federal government will take 24% off the top of lump sum winnings from the Mega Millions jackpot State tax rates on lottery winnings vary

If you hold a winning ticket of at least $600, it counts the same as if you hit on an in-state lottery Its subject to the same withholding as North Carolina will tax your lottery winnings just like all other income at a rate of % The federal government will also tax your lottery

2 tarikh lottery So, if you want to speak to your very own accredited accountant for a one-off Capital Gains Tax calculator · TaxScouts Spain · Get in touch There are taxes on gambling in Illinois? Find out what you will pay and what you will take home with our Illinois gambling tax calculator