Taxes on Lottery Winnings

taken as an itemized deduction , but your losses can't exceed your winnings lottery winnings over a number of years : that those future payments are also

The same is true at the state level While lottery winnings are subject to state income tax in most states, withholding tax varies from zero (

how do people win the lottery taxes: 1 Invest in municipal bonds Most municipal bonds issued by your Lottery winnings—you should be so lucky —are also tax-free in a few states

how many numbers in a lottery ticket State tax rates on lottery winnings vary If you live in Georgia, your state tax rate for lottery winnings is % That means you get