How Do Taxes on US Lottery Winnings Work?

Oregon's lottery winner is a billionaire before taxes; how much will federal tax lottery winnings
➡️【Mk.com】✅कैसीनो गेम्स का एक समृद्ध चयन✅ और एक उपयोगकर्ता के अनुकूल इंटरफेस प्रदान करता है, जिससे खिलाड़ी कभी भी, कहीं भी अपने पसंदीदा कैसीनो गेम का आनंद ले सकते हैं। ✅  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 federal income tax on lottery winnings For prizes over $5,000, the Lottery is required to withhold 25% for federal taxes, and 8% for state income taxes For Video Lottery℠ Platinum Series

federal lottery tax calculator So when the winner next files their taxes, they'll likely have to give the IRS another 13% of that prize In most states, the tax is taken