Income Tax on winnings from Lottery, Game Shows, Puzzle

State income tax refunds; State Lottery winnings; Funds from unclaimed property If you believe the amount withheld was incorrect, call 1-800-676-5737 or write

Key Takeaways · You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes

how do i pick a good slot machine According to federal and state laws, if you provide a social security number the Lottery withholds 28 percent from your prize winnings (24 percent federal; 4

how to read a slot machine Any payout over $5,000 after deducting the cost of the wager will automatically have 24% withheld for federal taxes The actual rate at which