Taxes on Lottery & Gambling Winnings: What You Need to Know

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Ty Roush is a breaking news reporter based in New York City Some states tax lottery winnings, with rates as low as % in

Check out Lottery Critic's very own Powerball Payout and Tax Calculator We have both annuity and lump sum payouts calculated along with an annual breakdown As you can see from the table above, your winning lottery ticket bumped you up from the 22% marginal tax rate to the 24% rate (assuming you are

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