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When you declare your lottery winnings, the lottery group will usually withhold a portion of the prize for federal taxes earlier than the payout is issued. For winnings exceeding $5,000, a mandatory withholding of 24% for federal taxes applies, which might considerably scale back the amount distributed to the winner immediately. It's necessary to note that that is only an initial withholding
ページ "Mastering the Art: How to Analyze Lotto Numbers"
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