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how much tax do you pay for lottery winnings
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Lottery winnings and prizes are considered income by the IRS and are subject to federal and state income tax You'll owe taxes in the year

To ensure that you will not be subject to a penalty for failure to pay estimated tax, you should Winnings, will be issued to you reporting the total prize

how to distribute poker chips Before the winner receives any of the money, however, the IRS automatically takes 24% of the winnings The rest of the winnings are expected to be paid by the

how does a poker tournament work You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize