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

federal tax rate on lottery winnings
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Gambling Winnings with the Lottery Department, or attach a statement to their federal income tax return The statement should include the following

The cash value is not an annuitized percentage but the cash value Taxes: The IRS requires that you report ALL Lottery winnings The Lottery is

federal income tax on lottery winnings Lottery winnings that are more than $5,000 get a federal tax of 24 There are also additional federal taxes of about 37% In total

federal lottery taxes The current federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35%, and 37% So, depending on the amount of prize money received, the federal