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Lottery winnings that are more than $5,000 get a federal tax of 24 There are also additional federal taxes of about 37% In total

While Americans are generally allergic to high taxes, the high tax rates on lottery winnings haven't provoked a public outcry If you win over The Lottery is required to withhold federal taxes from your prize Keep in mind that federal taxes are subject to change State and local taxes won't be

rajya sarkar lottery actor khela A: Effective August 13th 2018, lottery winnings are subject to taxation Q: What is the rate of tax? A: Ten percent  Under Act 84 of 2016, the Pennsylvania personal income tax of percent now applies to Pennsylvania Lottery cash prizes paid after January 1, 2016