Withholding Taxes and Reporting Requirements

taxes taken out of lottery winnings
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The IRS automatically withholds 30% of net lottery winnings in the US The rate at which the net winnings are ultimately taxed though depends on

The IRS will take 24% of your payout up-front and get the rest on your April tax filing If your prize puts you in the top tax bracket they'll

taxes taken out of lottery winnings The IRS automatically withholds 30% of net lottery winnings in the US The rate at which the net winnings are ultimately taxed though depends on

taxes paid on lottery winnings The IRS automatically withholds 30% of net lottery winnings in the US The rate at which the net winnings are ultimately taxed though depends on