What Is the Tax Rate for Lottery Winnings? - Money

Fact check: False claim about IRS tax rate on Mega Million winner taxes on million dollar lottery Adding together federal and state taxes, the winner would be left with a little over half a billion dollars — or $531 million — thanks to a taxes on 2 million dollars lottery winnings The winner may also face additional taxes from their state of residence, as some states like New York tax lottery winnings at %, while

taxes from lottery winnings Most states charge a tax on lottery winnings, but a few — including California, Delaware, Florida, Texas and Tennessee — do not Additionally,