How Are Winnings Taxed in NC?

how much do they take out of lottery winnings
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If you win over $5,000 from a Powerball or Mega Millions jackpot, or any lottery game, state lotteries are required to withhold 24% in federal

Whoever wins a Mega Millions jackpot will still take home a good chunk of change, but they can say goodbye to at least 24% of their winnings right away

how to stay rich after winning the lottery The Lottery Department must deduct and withhold tax at a rate of % from $5,000 or $ Example 3: B purchases a lottery ticket for $ in the state

how to win on slot machines at casinos State taxes are very different, each of the American states having its own taxation laws There are states where no tax is perceived on lottery winnings, such