How the Lottery Works and How Much You'd Keep If You Won

federal lottery
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Contest announcements may not be false, misleading or deceptive Lotteries Federal law generally prohibits the broadcast of information about,

In addition to federal taxes, most states tax lottery winnings New Jersey is among the highest state tax rates ultimately taking % of the

federal lottery The winning ticket was sold at the Sunoco gas station located at 1400 North Federal Highway in Pompano Beach, according to the Florida Lottery

federal income tax on lottery winnings The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes