How are Lottery winnings taxed?

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You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes · Most tangible

Hit the jackpot? Learn how your lottery winnings are taxed Discover key strategies to manage your windfall and financial obligations  Personal Income Tax Facts: Taxpayer Davis, a computer programmer, buys 15 lottery tickets each week choosing ticket numbers according to a system she has

kaisar slot 88 When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal You'll also likely find yourself in the top federal tax bracket of 37% (remember, these rates are progressive, so you won't actually lose 37% of