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us tax on lottery winnings
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However, the IRS will scrutinize shared lottery arrangements and assert gift taxes when such arrangements do not pass muster Tonda Lynn and her relatives found

The federal government withholds 24% of your winnings immediately You may owe additional federal taxes depending on your overall tax bracket Each state also

us lottery powerball “The IRS is required to withhold 24% from the winnings, but that doesn't mean whoever wins and chooses the lump sum option is done paying taxes,

uscis second lottery Non-US residents who win a lottery prize exceeding $ will have their winnings withheld at a 30%-% rate In addition, state income tax will also be