Do you need to pay tax on lottery winnings?

us lottery tax for foreigners
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If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding

Winner of Mega Millions $ billion jackpot claims prize in Florida—a state that does not tax lottery winnings Florida is a good place to hit

usa poker If your prize is over $5,000, the IRS requires the payor to withhold 28% for federal taxes In addition to federal tax on lottery winnings, your

us mega lottery Lottery winnings are considered ordinary taxable income for both federal and state tax purposes Winnings are taxed the same as wages or salaries are, and