Are lottery winnings taxed based on the ticket date or the redemption

how much does irs take from lottery winnings
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Lottery prizes of $5,000 or more are subject to federal income tax withholding As a result, if you win a jackpot worth that much, 24% of your

How much will the lottery winner pay in taxes? The IRS views lottery winnings as ordinary income The top tax bracket for the highest earners Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

26 tarikh night lottery sambad The IRS wins every lottery and jackpots because the winner has to pay half of their winnings to them  How much are lottery winnings taxed? When you win the lottery, your winnings are considered ordinary taxable income Your prize money is taxed