Tallying Up the Taxes on Lottery Winnings - TurboTax

How much do you bring home? That depends on complex state laws and how you decide to take your money If you win the lottery, you'll likely be

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%

how much are lottery tickets in california prizes must be claimed in person from an AGLC Prize Payout Office Tickets purchased in lottery jurisdictions outside the Western Canada Lottery Corporation

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