Are gamblinglottery winnings subject to Michigan individual income

Your local citytown may also require your lottery winnings to be taxed as income and this can result in another line of deduction from your

You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes · Most tangible

how to play poker with cards Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,

how does a lottery syndicate work Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,