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taxes taken out of lottery winnings

taxes taken out of lottery winnings

23VAC10-140-282 Withholding on lottery prizes taxes taken out of lottery winnings The surcharge is 15 percent of the tax amount that you were already paying The surcharge is mainly for when you earn more money off of a taxes on lottery winnings calculator Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

taxes taken out of lottery winnings Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments

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