I Won the Lottery! How Bad Are Taxes Going to Be?
It will go directly to the IRS instead Your tax obligation is not yet fulfilled, however Lottery prizes get taxed under the same rules as
Tallying Up the Taxes on Lottery Winnings - TurboTax what amount of lottery winnings are taxable
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If your winnings put you in a higher tax bracket, you will owe the difference between the withholding amount and your total tax You are allowed
what the chances of winning the lottery Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of
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