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If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24%. If you didn't give the payer your tax ID number, the withholding rate is also 24%.

Gambling Winnings Tax - H&R Block

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How much are lottery winnings taxed? If you win nearly a billion dollars in the lottery, you definitely owe federal income tax on it. To start, 24% of your winnings are withheld for the IRS.

How Does the Lottery Work and How Much Would You Keep If You Won?

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