Tax on Winning Game Shows and Lotteries

Lottery winnings are taxed the same way as ordinary income See here for exact details Note that you would not pay the top tax rate on ALL of

Lottery winnings are taxed the same way as ordinary income See here for exact details Note that you would not pay the top tax rate on ALL of

mn lottery home Lottery winnings are considered ordinary taxable income for both federal and state tax purposes Winnings are taxed the same as wages or salaries are, and the

mn lottery 3 Use the tax calculator below to calculate how much of your payout you would be taking home following the respective federal and state taxes that are deducted