The Best and Worst States to Pay Taxes on Lottery Winnings

Income Tax on winnings from Lottery, Game Shows, Puzzle taxes on lottery winnings ¶16-305, Subtractions--Lottery Winnings California law prohibits the imposition of any state or local tax on the sale of lottery tickets or shares of the taxes on 100 000 lottery winnings Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%

taxes from lottery winnings The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a