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what is the federal tax rate on lottery winnings
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The IRS views lottery winnings as ordinary income The top tax winning the lottery would bump the winner — has a 37 percent tax rate

Still, you'll probably owe more when taxes are due since the top federal tax rate is 37% So a good first step a lottery winner could take

what does the lottery symbolize in the lottery Before winners even see a penny of their jackpot, the federal government withholds a mandatory 24% that goes to the IRS The tax applies to

what is a river in poker Gambling winnings, including winnings from the Minnesota State Lottery and other lotteries, are subject to federal and Minnesota income