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June 6, 2019
Question

How much does the federal government withhold on lottery?

  • June 6, 2019
  • 1 reply
  • 0 views

winnings were over 30k but under 40k

    1 reply

    Employee
    June 6, 2019

     If you win more than $5,000, the government will hit you with a 25 percent federal withholding tax.