Tax Planning for Lottery Winners

Taxes on Lottery & Gambling Winnings: What You Need to Know lottery tax usa Lottery earnings are subject to federal and, sometimes, state taxes, according to the USA Mega website For example, California residents won't lottery rests Federal taxes: $ million; Take-home: $538 million The total federal tax rate, however, is higher Tax experts say exact tax amounts can't

lottery best numbers Annual installments would pay an average of nearly $ million with a 37% federal marginal rate Lottery winnings are also subject to taxes in