State and local lottery revenue 2021
State and local lottery revenue 2021
With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after
The federal tax rate that is paid as a non-resident winner is 30% on payouts above USD $600 The state tax can vary slightly as they are set locally US taxes Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax
lottery result 29 10 23 taxes for United States citizens or resident aliens For non-resident aliens Consultation About Your Winnings: The Lottery suggests that financial issues be 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,
