Do you need to pay tax on lottery winnings?

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The IRS charges a flat rate of 24% on all lottery winnings over $5,000 For example, if you won $1 million, you would pay around $240,000 in

Lotto fever is rising again, with the Mega Millions jackpot surging after But you're in luck because California doesn't tax lottery winnings, Players who win a Michigan Lottery prize greater than $600 and do not live in the United States are subject to a 30 percent federal tax withholding rate as well

dear lottery 4 p.m. result State taxes could continue to cut away at the prize, though not all states tax lottery winnings  State taxes could continue to cut away at the prize, though not all states tax lottery winnings