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Taxes on Lottery Winnings—Breaking Down the Details

Web23 dec. 2024 · Winning the jackpot price automatically qualifies you for the top tax bracket, which means you may have to pay as high as 37 percent of your winnings as federal … Web29 jul. 2024 · Before the money reaches the jackpot winner, it’s subject to a 24% federal tax on gambling winnings - so, if this week’s one-time Mega Millions payout is $602.5m, that … stratford ct marriage license

Lottery Tax Calculator: How Your Winnings Are Taxed

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