Arizona Lottery winner brochure

Income Tax on winnings from Lottery, Game Shows, Puzzle how does lottery tax work Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries, how much money should you put in a slot machine The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes

how do i buy lottery tickets online Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or