Do you pay tax on lottery winnings?

Do I have to pay taxes on my winnings? Yes All prize winnings are subject to federal and state income tax withholding State tax of % is automatically

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

if i won the lottery how much would i get State lottery winnings are reportable to the IRS where the State agency conducting the lottery requires a winner to complete federal Form W-2G, Certain Gambling

if you win a million dollar lottery how much is taxed How Much Do Lottery Winners Pay in Taxes? Unveiled! Are you curious about the tax