How much do lottery winners pay in taxes?

how much taxes do they take out of lottery winnings
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State tax rates on lottery winnings vary If you live in Georgia, your state tax rate for lottery winnings is % That means you get

Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home Before seeing a penny of the jackpot, the winner will pay a 24% mandatory upfront federal withholding to the IRS If they choose the $

wanted dead or a wild slot ทดลองเล่น accept your payout, a large chunk of it is withheld for taxes Though some states do not have a state lottery tax withholding, they all must North Carolina will tax your lottery winnings just like all other income at a rate of % The federal government will also tax your lottery