How much taxes will be due on a US lottery winner after deductions

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State tax rates can range from about three per cent to 11 per cent, while some states don't tax lottery winnings at all The lottery is open

Here are eight states that don't impose taxes on lottery winnings However, it is important to note that these states are still required to What do federal taxes look like on a lump sum payment? The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted

how does a flush work in poker Determine if your gambling winnings are exempt from federal income tax and if you're eligible to claim a refund of withheld taxes  However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the