How Are Lottery Winnings Taxed by State?

How Are Lottery Winnings Taxed by State? nyc lottery tax calculator
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nyc lottery Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no

nyc rent lottery Is the tax rate different for different lotteries? No All gambling winnings are treated equally This means if you win Mega Millions, Powerball or a state The recent big win for one person looks like this * Lump SumCash Option Calculator Gross Payout