What's the Tax on Lottery Winnings?

federal lottery tax rate
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Lottery winnings that are more than $5,000 get a federal tax of 24 There are also additional federal taxes of about 37% In total

Lottery winnings that are more than $5,000 get a federal tax of 24 There are also additional federal taxes of about 37% In total

federal taxes on lottery winnings That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and

federal tax for lottery winnings Lottery winnings are taxed the same as wages or salary on both federal and state levels, so you'll pay more taxes come spring 2023 Federal tax