Tax on Lottery Winnings by State 2023

Before the winner receives any of the money, however, the IRS automatically takes 24% of the winnings The rest of the winnings are expected to be paid by the

tax journey of lottery winnings, from immediate withholdings by the IRS to the nuances of

how to pick lottery numbers Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,

how to play poker online with friends First, any prizes above $5,000 will be hit at least with a 24% federal tax, regardless of which state you are in The winner may owe additional