do you get taxed on a lottery win
$ billion Mega Millions: How is the lottery taxed in CA?
do you get taxed on a lottery win
website do you get taxed on a lottery win Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax double up poker US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government
do you get taxed on a lottery win Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket, The prize money will be considered as separate from your income, and your regular income will be taxable as per your income tax rate slab You do not get any Can you avoid taxes on a Mega Millions payout? Having a winning ticket from a state that won't tax your lottery winnings (including for example, California