What You Need To Know About Lottery Taxes

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If the winner takes the payout, as many do, the federal tax would cut the prize by around $149 million In an estimate from USA Mega, an

That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and The good news is there is no income tax on lottery winnings here in California California is one of the eight states that does not require

online poker app real money The benefit of the basic exemption limit and income tax slab rate is also not applicable to this income The entire amount received will be That's because lottery winnings are generally taxed as ordinary income at the federal and state levels In fact