Here's the tax bill for the winning $ Mega Millions ticket
Here's the tax bill for the winning $ Mega Millions ticket
The governing lottery body withholds 24% of the prize automatically, leaving the balance to be paid by the winner, according to Lottery USA
What do federal taxes look like on a lump sum payment? The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal
online slot casino singapore Therefore, the winner will not be subject to Connecticut income tax on the amounts received 9 Will Payments of State Lottery Winnings Be Reported to DRS? What are the lump sum lottery winnings after taxes? The federal tax on the lottery is determined by the federal marginal rates, which is 37 percent in the
