Tallying Up the Taxes on Lottery Winnings - TurboTax

if you win 10 million in a lottery how much is taxed
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Lottery prizes are taxable If you win more than $600 it will be reported to federal and state tax agencies If you win more than $5,000, taxes

The IRS charges a flat rate of 24% on all lottery winnings over $5,000 For example, if you won $1 million, you would pay around $240,000 in

if you win lottery how much is taxed This brings the total tax on game show winnings to % An additional 10% surcharge is also applicable on the winning amount if the amount is more than Rs 10

if i win the lottery how much do i get In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal