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how much taxes come out of lottery winnings

how much taxes come out of lottery winnings

How Taxes on Lottery Winnings Work how much taxes come out of lottery winnings 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 predict the lottery numbers Yes All winnings from an out-of-state lottery are taxable for New Jersey gross income tax purposes, regardless of the amount

how to spot a progressive slot machine federal taxes from many prizes Look for an adviser who deals regularly with this kind of money, and preferably with clients who suddenly come into money

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