The IRS and Your Lottery Winnings

why are lottery winnings taxed
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California lottery We do not tax California Lottery or Mega millions Visit Schedule CA Instruction 3s for more information How to report

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

why do poker dealers tap the table Best states for lottery wins and taxes · North Dakota - Tax rate % · Mississippi - Tax rate % · Pennsylvania - Tax rate % · Indiana -

why does my lottery ticket say please see lottery income tax treatment of lottery prizes This guidance applies specifically The lottery prize payment is gambling winnings taxed as ordinary income