Arizona Lottery winner brochure

how does lottery tax work
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Lottery winnings are considered taxable income for federal tax purposes and your winnings are taxed the same as your wages or salary Most prize winners pay a

With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after

how many rounds in poker How much of a prize is taken out for taxes? The winnings are subject to federal income tax withholding The tax withholding

how to improve at poker The lottery will collect and remit the income tax for the IRS, on the winner's behalf, very much like how your employer does when you get your