Directive 86-24: Lottery Winnings; Lottery Tickets -

what is the federal tax rate on lottery winnings
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what is the federal tax rate on lottery winnings But remember, the federal tax brackets are marginal brackets, and you won't pay 37% on all your winnings You only pay the 37% rate on each  The IRS views lottery winnings as ordinary income The top tax winning the lottery would bump the winner — has a 37 percent tax rate   Lottery winnings that are more than $5,000 get a federal tax of 24 There are also additional federal taxes of about 37% In total

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