Taxes on Lottery Winnings by State 2024

what is the federal tax on lottery winnings
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However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the

In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal

what are the lao lottery prizes The IRS views lottery winnings as ordinary income The top tax winning the lottery would bump the winner — has a 37 percent tax rate

what numbers are most likely to win the lottery If a sole winner of Saturday's prize is taxed up to 37% and lives in a state where the only taxes required are federal, they will take home an