What Is the Tax Rate for Lottery Winnings? - Money

federal tax rate for lottery winnings
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How Are Lottery Winnings Taxed? ; 10%, $0 to $10,275, $0 to $20,550 ; 12%, $10,276 to $41,775, $20,551 to $83,550 ; 22%, $41,776 to $89,075

Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no

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

federal tax lottery winnings Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a