Lottery Tax Calculator

irs tax on lottery winnings
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State lottery winnings are reportable to the IRS where the State agency conducting the lottery requires a winner to complete federal Form W-2G, Certain Gambling

Your local citytown may also require your lottery winnings to be taxed as income and this can result in another line of deduction from your

irs lottery tax Tax on winnings should be reported to you in Box 1 of IRS Form W-2G This includes lottery winnings, sweepstakes you entered by making

irsh lottery So when the winner next files their taxes, they'll likely have to give the IRS another 13% of that prize RELATED: How one lottery-winning