What's the Tax on Lottery Winnings?

5 Tips for Avoiding Taxes on Lottery Winnings lottery tax federal The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in lottery numbers from last night please State and federal taxes are withheld from each annual or quarterly payment Who receives the interest earned on this prize money? If you are a winner who

lottery sambad 1611 23 We do not tax California Lottery or Mega millions Visit Schedule CA Instruction 3s for more information How to report Federal return