How are lottery taxes divided between the government

lottery taxes federal
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Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%

Lottery and other lotteries, are subject to federal and Minnesota income taxes lotteries, are subject to federal and Minnesota income taxes

lottery movie The federal government does not have a general lottery tax Lottery winnings are just taxable income Those funds go into the general fund of

lottery somewhat Gambling and lottery winnings and losses · You don't report your gambling income net of expenses, though · Instead, you must report your gambling