Is it true that you pay tax on lottery wins

$ billion Mega Millions: How is the lottery taxed in CA? u s lottery tax for foreigners How much are lottery winnings taxed ? Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on us green card lottery australia The amount of the lottery prize included in federal adjusted gross income for each individual person or entity shall be subject to state income taxation Each

used slot machine If you win more than $5,000, you have to pay a 24 percent federal withholding tax However, depending on your annual earnings and tax deductions, you may get