What Is the Tax Rate for Lottery Winnings? - Money

What Is the Tax Rate for Lottery Winnings? - Money us lottery tax for foreigners lottery prize is not exempt from federal income tax because of a foreign tax treaty The current federal withholding rate for individuals is us lottery ticket However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the

usa ny lottery If you win more than $5,000, you have to pay a 24 percent federal withholding tax However, depending on your annual earnings and tax deductions, you may get