Tallying Up the Taxes on Lottery Winnings - TurboTax

How much the Mega Millions lottery is after tax in MO and KS federal tax rate for lottery winnings For example, in New York, lottery winnings are subject to a progressive tax rate that ranges from 4% to %, depending on the size of your federal lottery tax calculator Like all other taxable income, the IRS requires you to report prizes and winnings on your tax return, too That means you might have to pay

federal tax rate for lottery winnings Lisa Greene-Lewis, a certified public accountant and tax expert with TurboTax, said that anytime you have a gambling winning — this includes