Oregon's lottery winner is a billionaire before taxes; how much will

how much is taxes on lottery winnings
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Winnings are taxable in the year the taxpayer receives or has a right to receive the money Example: A Massachusetts resident who wins the Big Money Game

Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,

how long is lottery ticket good for As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount

how to cash out lottery ticket online Inheritance Tax is currently taxed at an incredibly high rate of 40% However, you're only taxed on anything over the £325,000 threshold This