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how much taxes on 250 000 lottery winnings

Do you need to pay tax on lottery winnings?

how much taxes on 250 000 lottery winnings

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how much taxes on 250 000 lottery winnings

website how much taxes on 250 000 lottery winnings The following answers general questions on how gambling winnings are taxed in PA If you're unsure about a specific tax issue, it's best to how slot machine works Section 194B of Income Tax Act, 1961 states that winnings from lotteries, game shows, card games, online games, crossword puzzles, quiz shows,

how much taxes on 250 000 lottery winnings If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% Income tax is withheld at a flat 24% rate from  Lottery officials withhold 24% for federal taxes, although you likely would owe much more at tax time · State taxes range from zero to more than  Step 3: Multiply your Winnings For an additional $1 per play per draw, Power Play® multiplies your Powerball prize Choose “Y” for “Power

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