Oregon's lottery winner is a billionaire before taxes; how much will

how much is tax on lottery winnings
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Regardless of which option the player takes, the IRS takes a minimum 24% federal withholding tax upfront on lottery winnings That's a big chunk

Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act Surcharge and Cess: In addition to

how much does a lottery bond cost The CT Lottery is required by law to report and withhold federal income tax on all gambling winnings valued at more than $5,000 (Under certain

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