Fact check: False claim about IRS tax rate on Mega Million winner

23VAC10-140-281 Income taxation of lottery prizes irs lottery tax Lottery winnings are not taxed twice Under both the federal and state tax system, they are considered ordinary taxable income You pay tax on your winnings irs lottery tax In fact, lottery winnings are taxed, with the IRS taking up to 37% Curiously, though, only 24% is withheld and sent directly to the government

irsh lottery The same is true at the state level While lottery winnings are subject to state income tax in most states, withholding tax varies from zero (