The Intricacies of Lotto Payout Taxes: What You Ne..

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The Intricacies of Lotto Payout Taxes: What You Need to Know | #lotto Winning Numbers

The Intricacies of Lotto Payout Taxes: What You Need to Know

An instance helps illustrate this process. Imagine a $1 million lottery win. If the winner is in the 24% federal tax bracket, they'd initially owe $240,000 to the IRS.

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