Tax Planning for Lottery Winners

Don't Let the Lottery Ruin Your Life lottery taxes federal According to CNBC, these jackpot winners would then have to pay another 13% in federal taxes to satisfy the income tax requirement The Oregon lottery max winner federal tax brackets impact your winnings and the significant differences in state taxation

lottery sambad 7_2_24 Then there are the taxes The IRS immediately takes 24% of all lottery winnings over $5,000, dropping the total to approximately $367,460,000