How are lottery taxes divided between the government

How are lottery taxes divided between the government lottery tax federal income tax if the prize payment is includable in your federal adjusted gross income for the tax year If you are a resident of New York City or Yonkers, the lottery ka face Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,

lottery ka face First, any prizes above $5,000 will be hit at least with a 24% federal tax, regardless of which state you are in The winner may owe additional

lottery 7 lottery 7 Question: My husband and I recently won the grand prize from my State's lottery Can you provide some guidance on how we will be taxed on our lotto winnings You are then taxed at the appropriate rate based on your income tax bracket It's not quite that straightforward, however… Federal Income Tax