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Publication 140-W - FAQS: New York State Lottery Winners -

Publication 140-W - FAQS: New York State Lottery Winners -

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Right away, 24% of that cash value is withheld for federal taxes and goes to the IRS, TurboTax explains So if the Powerball winner does select

Taxes are deferred until payouts are received Winners choosing annuity payments often hedge their bets that tax rates will be lower in the future Investment

how online slot machines work Most states charge a tax on lottery winnings, but a few — including California, Delaware, Florida, Texas and Tennessee — do not Additionally,

how old do you have to be to play online poker Then there are the taxes The IRS immediately takes 24% of all lottery winnings over $5,000, dropping the total to approximately $363,432,000

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