Special tax on lottery prizes and betting

Special tax on lottery prizes and betting what is the tax for lottery winnings That is unless your regular household income already places you in the top tax bracket prior to winning In that case, all of it is taxed at 37% This can be what was the winning lottery numbers These 8 states don't tax lottery winnings · Wyoming · Washington · Texas · Tennessee · South Dakota · New Hampshire · Florida

what was the winning lottery numbers What are the lump sum lottery winnings after taxes? The federal tax on the lottery is determined by the federal marginal rates, which is 37 percent in the

whats a poker 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, You may receive a Form W-2G, Certain Gambling Winnings and have federal income taxes withheld from your prize by the gambling establishment if