Lottery Tax Calculator: How Your Winnings Are Taxed

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$ winning Powerball ticket sold in Oregon; Florida player wins $1M The prize is subject to federal taxes, while many states also tax

Florida couple tries to claim $1M in lottery winnings with tampered ticket After taking out taxes, the grand prize got paid out in a You're required to report all of your gambling winnings as income on your tax return, even if you end up losing money overall · You may receive

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