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do you have to pay taxes on lottery winnings every year

do you pay taxes on lottery winnings every year

do you have to pay taxes on lottery winnings every year

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do you have to pay taxes on lottery winnings every year

website do you have to pay taxes on lottery winnings every year Not only do you have to pay taxes to the federal government on your lottery winnings, you may also need to pay state income taxes as well dork slot The IRS taxes lottery prizes differently depending on how the winner chooses to get paid You have two choices: lump sum payout or annual

do you have to pay taxes on lottery winnings every year After the funds are credited to the bank account, the person must pay this within two months In the event that person does not, a 1 percent  Because Mega Millions annuity payments increase every year, the final payment would be about $84 million with about $20 million owed in taxes --  The IRS taxes lottery prizes differently depending on how the winner chooses to get paid You have two choices: lump sum payout or annual

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