How much tax do you have to pay for lottery winnings? It

does lottery winnings get taxed
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The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

There's no tax to pay when you win the lottery! Result! However, you might have to start paying tax when your winnings start making you money

does utah have a lottery Since the tax withholding rate on lottery winnings is only 24%, some lottery winners do not plan ahead, and can have trouble paying their

does turning up the volume on a slot machine help There are federal and state US taxes payable on larger US lottery winnings The federal tax rate that is paid as a non-resident winner is 30% on payouts above