Lottery Tax Calculator: How Your Winnings Are Taxed

what is the tax rate on lottery winnings
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The winnings constitute Part B income, taxed at 5% Directive 2: She cannot deduct the cost of the losing tickets to the extent of gambling gains because these

Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,

what are poker chips made of If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding

what slot game actually pays real money_ The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from all payments of reportable Connecticut lottery winnings made