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Lottery winnings are considered taxable income for both federal and state taxes Federal tax rates vary based on your tax bracket, with rates up to 37% Winning

For Pennsylvania and federal income tax purposes, winnings or proceeds from wagering transactions are not taxable until, and to the extent all of the following The Lottery Commission will also withhold federal tax at the applicable rates set by the United States Internal Revenue Service The Lottery Commission is

keno virginia lottery The federal government treats the lottery winnings as income On prizes over $5,000, the Oregon Lottery withholds at least 24% for federal Results, numbers, dates and prizes of Federal