Winner Of $ Billion Lottery Gets $ Million After Tax

lottery taxes federal   Dan lottery program

federal withhold- ing tax Proceeds from a wager are figured by subtracting lottery , the wager must have been placed in a lottery conducted by an

Amount of Taxes All lottery winnings are considered income and as such are taxed according to the applicable Federal, District, state and local laws The Federal income tax refunds; State income tax refunds; State Lottery winnings; Funds from unclaimed property If you believe the amount withheld was incorrect

kerala lottery result 3_6_23 The Internal Revenue Service imposes a federal tax rate of 24%, and California's state income tax, with rates ranging from 1% to %, That's because lottery winnings are generally taxed as ordinary income at the federal and state levels In fact