$ billion Mega Millions: How is the lottery taxed in CA?

How much do you pay in Pennsylvania taxes on lottery wins? lottery tax federal 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% lottery sambad 104 24 If you add the 24% withholding tax plus the 13% extra tax the winner will pay April 15th together, you get a federal tax of $289,821,000 Check

lottery sambad 3_2_24 Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no