Do I need to pay tax on my winnings?

winning from lottery tax rate
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Millions in lottery proceeds easily put the winner in the top federal income tax For 2023, the 37% rate applies to taxable income of

How to report gambling income All gambling winnings are taxable including, but not limited to, winnings from lotteries, raffles,

winning pick 3 lottery numbers What are the lump sum lottery winnings after taxes? The federal tax on the lottery is determined by the federal marginal rates, which is 37 percent in the

winning lottery numbers california An average family's top federal tax rate could go from 22% to 37% But remember, if that happens, you likely won't pay the top rate on all your money That is