Do you need to pay tax on lottery winnings?

how much does the government tax lottery winnings
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A: It is a tax charged on all prize money in excess of $1,000, paid to a ticket holder Q: Will I be charged this tax if my prize is a house or car? A: The

The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from all payments of reportable Connecticut lottery winnings made

how to play poker guide The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

how to play quick hit slot machine The federal government will take 24% off the top of lump sum winnings from a lottery jackpot do not tax lottery winnings This means if you