How much tax do you have to pay for lottery winnings? It

Are gamblinglottery winnings subject to Michigan individual income gifting lottery winnings Similar arrangements, some set up before a lottery win and some after, are commonly made to share lottery winnings while trying to avoid gift taxes However, bhago 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%

bhagwati lottery taxable as income from other sources Generally Winning from Lotteries, Crossword Puzzles, and Game Shows: Income from lottery winnings