Learn about gambling and the lottery in Massachusetts -

Learn about gambling and the lottery in Massachusetts - if you win 10 million in a lottery how much is taxed Winnings are taxed the same as wages or salaries are, and the total amount the winner receives must be reported on their tax return each year Before the winner if i hit the lottery there will be signs If you win more than $5,000, you have to pay a 24 percent federal withholding tax However, depending on your annual earnings and tax deductions, you may get

if i hit the lottery there will be signs If you win the lottery, financial experts have some advice for what to do before you turn in that winning ticket

if i won the lottery i wouldn''t tell anyone but there would be signs There are federal and state US taxes payable on larger US lottery winnings The federal tax rate that is paid as a non-resident winner is 30% on payouts above A: All persons who receive more than $1,000 on their bet, the tax will be deducted from their winnings in excess of $1,000 Q: Do I have to pay the tax to the