Do I Have to Pay Taxes on Lottery Winnings?

The cash value is not an annuitized percentage but the cash value Taxes: The IRS requires that you report ALL Lottery winnings The Lottery is

Winnings with the Lottery Department, or attach a statement to their federal income tax return The statement should include the following information

federal income tax on lottery winnings Win $500,000 or more for a single person

federal lottery tax Still, you'll probably owe more when taxes are due, since the top federal tax rate is 37% winnings for federal taxes As you can see