How Taxes on Lottery Winnings Work

A mandatory 24% federal tax withholding on that amount would reduce your winnings by $ million However, because the top federal marginal

Yes, they have to pay tax on lottery winning Although, winning from lotteries is part of total income the same taxable at 30% + Surcharge+

do slot machines have cameras As a senior citizen, you may be eligible to claim a refundable credit on your personal state income tax return The Circuit Breaker tax credit is based on the

does mississippi have a lottery Because New Hampshire does not have an income tax, no further taxes would be withheld from the prize In Massachusetts, the same 24% in federal