Smart tax strategies for lottery winners - Tax Insider

Tax on Winning Game Shows & Lotteries how much is taxed on lottery winnings Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out how do you play postcode lottery Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out

how long are lottery tickets valid for That cuts the winner's take home to $595,308,000 Gambling winnings are subject to mandatory federal withholding taxes, so your lump sum payment