Tallying Up the Taxes on Lottery Winnings - TurboTax
Tallying Up the Taxes on Lottery Winnings - TurboTax
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Lottery winnings are subject to federal and sometimes state taxes If you win big, plan for the taxes ahead of time Updated May 24, 2024
Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%
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