Tallying Up the Taxes on Lottery Winnings - TurboTax

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State tax rates on lottery winnings vary If you live in Georgia, your state tax rate for lottery winnings is % That means you get

You can make estimated tax payments if you think you may owe more Like the IRS, most states treat lottery and gambling winnings as income If you are a citizen and do not have a Social Security number, the IRS requires the Florida Lottery to withhold 30% federal withholding tax on prizes of

states where online poker is legal If you are a citizen and do not have a Social Security number, the IRS requires the Florida Lottery to withhold 30% federal withholding tax on prizes of Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%