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lottery tax usa

lottery tax usa

What are the tax implications of winning money or valuable prizes? lottery tax usa That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and lottery sambad 24 december taxes for United States citizens or resident aliens For non-resident aliens Consultation About Your Winnings: The Lottery suggests that financial issues be

lottery ticket in indore In fact, lottery winnings are taxed, with the IRS taking up to 37% Curiously, though, only 24% is withheld and sent directly to the government

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