Unveiling-Winning-the-Lotto-Strategy%3A-Tips%2C-Techniques%2C-and-Insights.md

@@ -0,0 +1 @@
+When you claim your lottery winnings, the lottery group will typically withhold a portion of the prize for federal taxes before the payout is issued. For winnings exceeding $5,000, a mandatory withholding of 24% for federal taxes applies, which can significantly scale back the amount distributed to the winner instantly. It's essential to note that this is solely an preliminary withholding