How are Lottery winnings taxed?

What You Need To Know About Lottery Taxes how much are you taxed on lottery winnings We do not tax California Lottery or Mega millions Visit Schedule CA Instruction 3s for more information How to report Federal return Report how to use lottery vending machines Right off the bat, one must consider that the federal government taxes lottery winnings at 24 percent, knocking the cash prize down to a mere (

how long does it take to get green card after winning dv lottery 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%