Are gamblinglottery winnings subject to Michigan individual income

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Do you need to pay tax on lottery winnings? Good question If you're wondering if you have to pay tax on lottery winnings then guess what, you

The lottery tracking group estimated a final Oregon tax rate of % or $ million, reducing the prize to a final payout of $329,792,812 In How much are lottery winnings taxed ? Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on

slot machine strategy vegas If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% Income tax is withheld at a flat 24% rate from How to report gambling income All gambling winnings are taxable including, but not limited to, winnings from lotteries, raffles,