Lottery Winnings: How much tax? How much can I give to family?

do you pay tax if you win the lottery
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If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% Income tax is withheld at a flat 24% rate from

You will have to pay taxes on your lottery winnings The tax rules involved with your work should be noted well The Legality of Lotteries

do poker players play with real money Lottery winnings are taxable This is the case for cash prizes and for the fair market value of any noncash prizes, such as a car or vacation

dog house slot png The top federal tax rate is 37% for income over $500,000 The first thing that happens when you turn in that winning ticket is that the federal