I Won the Lottery! How Bad Are Taxes Going to Be?

Do you need to pay tax on lottery winnings? how much tax is taken from lottery winnings Three methods are used by the government to collect income tax: taxes deducted how much will my lottery winnings be after taxes · lottery how to play a poker game How much tax do you pay on lottery winnings? In the , if you win a lottery of $600 or less, you don't have to report it If you win more than $5,000, you

how do you win on a slot machine In fact, lottery winnings are taxed, with the IRS taking up to 37% Curiously, though, only 24% is withheld and sent directly to the government