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

Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,

After the 24% withholding, the winner could still owe another 13% in federal taxes, or about $70 million Marginal tax brackets for tax year

is it better to buy separate lottery tickets Sweden: Lottery Splendor in the Nordic In Sweden, local lottery winnings are typically tax-free, granting winners the pleasure of indulging in

is online poker legal in michigan Lottery winnings are tax free but any income earned on those winnings is taxable and should a winner choose to gift some cash to their relatives