State and local lottery revenue 2021
Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home
Taxes on Lottery Winnings for US Expats & Nonresident Aliens how much does the government take from lottery winnings
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That cuts the winner's take home to $595,308,000 Gambling winnings are subject to mandatory federal withholding taxes, so your lump sum payment
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