André Bothma on X: There is no tax to pay on lottery prizes won in

does the lottery get taxed
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The top federal tax rate is 37% for income over $500,000 The first thing that happens when you turn in that winning ticket is that the federal

Like all other taxable income, the IRS requires you to report prizes and winnings on your tax return, too That means you might have to pay

does 888 poker have rakeback How does my change from a resident to a nonresident affect my New York State income tax obligation with respect to the lottery prize payment that I received as

does winning the lottery count as income Your state will tax the winnings too, unless you live in a state that does not impose a state-level income tax No one offers more ways to get tax help than