Gambling Personal income types - Franchise Tax Board -

How Taxes on Lottery Winnings Work tax for lottery tax do lottery winners pay tax on lottery winnings in india check online gaming and other tv show winning prize taxation tax calculator lottery Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or

tax rate on lottery winnings 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