How much is tax on lottery winnings?
How much is tax on lottery winnings?
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Mega Millions after taxes The 2024 federal tax brackets place the Mega Millions jackpot winnings at a 37% tax rate, whether the winner opts for the lump sum or
How much exactly depends on your tax bracket, which is based on your winnings and other sources of income, so the IRS withholds only 25% You'll Mega Millions after taxes The 2024 federal tax brackets place the Mega Millions jackpot winnings at a 37% tax rate, whether the winner opts for the lump sum or
slot strategy beginners Shareholders, partners, or members in pass-through entities receiving income from gambling or lottery activities are subject to personal income tax on their Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax
