Lottery Tax Rates Vary Greatly By State

lottery ticket tax
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Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,

In contrast, taxes on lottery winnings vary widely between states They typically range from 3% to 6%, but go up to % in New York — the

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lottery sambad 212024 whether the Government is aware that the State of Kerala has fixed a Goods and Services Tax rate