Lottery Winnings

Taxes on Lottery Winnings states that don't tax lottery winnings Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries, states where you can claim lottery anonymously The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a

states online poker is legal It's one of just seven states that don't collect personal income tax Lottery winnings: There's no state tax on lottery winnings, but you