How Taxes on Lottery Winnings Work

Publication 140-W - FAQS: New York State Lottery Winners - states that don't tax lottery winnings While there is no getting around the Federal Tax rate that is applied to a lottery win, the rate currently stands at 37%, certain states such as states that allow lottery winners to remain anonymous Related: How Big Will the Tax Bite Be If You Win the Powerball Jackpot? How much a state taxes a winning lottery ticket also varies — and

states anonymous lottery Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New