What Is the Tax Rate for Lottery Winnings? - Money

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Here in the UK, and in most other European countries, lottery winnings are entirely tax-free regardless of how big the win might be This is

South Dakota is another state with no personal income tax, so it won't take state tax out of your Powerball or other lottery winnings The States With No Taxes or Low Taxes on Lottery Winnings California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming do not have

kr627 lottery result today Although lottery winnings aren't taxable in Canada, the owner of a lottery home may have to pay a capital gain tax if they choose to sell the house  Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%