How Are Winnings Taxed in NC?

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Congratulations! You're a lottery winner Now you're probably wondering, is my prize taxable? In Australia, lottery winnings are

Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home Was viewing the McMillions show about the McDonalds Monopoly game extortion, and one of the champs referenced they would get the $1m prize as $50k every

rajshree 20 lottery This means that if you win the lottery, you must report the winnings on your tax return and pay federal income tax on them The amount of tax When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal