How much do lottery winners pay in taxes?

How much do lottery winners pay in taxes? irs tax on lottery winnings
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irsh lottery income for the year of change on your federal income tax return must be included in The lottery prize payment is gambling winnings taxed as ordinary income

irs tax on lottery winnings Mega Millions after taxes The 2024 federal tax brackets place the Mega Millions jackpot winnings at a 37% tax rate, whether the winner opts for the lump sum or Depending on your other income and the amount of your winnings, your federal tax rate may be as high as 37% You may also be subject to state