Publication 140-W - FAQS: New York State Lottery Winners -

tax rate for lottery winnings
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Lottery winnings are taxable Depending on your other income and the amount of your winnings, your federal tax rate may be as high as 37%

Question: My husband and I recently won the grand prize from my State's lottery Can you provide some guidance on how we will be taxed on our lotto winnings

taxes on poker winnings As previously mentioned, you have to pay federal income tax on lottery winnings Right off the bat, lottery winnings over $5,000 are subject to

tax for lottery Tax treatment of winnings Winnings received are not taxable as they are windfalls and not considered as an income You do not need to declare