How lotteries work and 3 key steps to take if you win one

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*Since January 2018, the IRS requires 24 percent be withheld from the Jackpot payment for federal income taxes Must be 18 to purchase or redeem Be a smart

Lottery winners in Georgia face a tax rate of % on their winnings When Lady Luck smiles upon individuals in Georgia, they should be prepared to allocate a Others don't have a general income tax, but you'll still owe federal taxes A few states have specific rules on taxing lottery winnings: California: Does not

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