Lottery Winnings

All lottery winnings are subject to Federal taxation upon filing a return because the Federal withholding was below the winner's tax obligations

As soon as you accept your payout, a large chunk of it is withheld for taxes Though some states do not have a state lottery tax withholding,

lottery sambad 29_12_23 Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

lottery sambad dijiye to Lottery winnings are not taxed twice Under both the federal and state tax system, they are considered ordinary taxable income You pay tax on your winnings