Is it true that you pay tax on lottery wins

do you get taxed on the lottery
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Canadian lottery winnings aren't taxable Whether you win $20 or $2 million — or even $20 million — you get to keep every last cent Not so

It depends on when you can get the money, not when you know that you won or when you choose to take the ticket in If you can present your Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,

v slot gantry plate With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after income tax liability, you should make estimated income tax payments so that you are not subject to Where should I report taxable New Jersey Lottery winnings