How are Lottery winnings taxed?

Directive 86-24: Lottery Winnings; Lottery Tickets - how is lottery winnings taxed Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no how to hide lottery winnings from your spouse Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or

how to win the lottery sims 4 The current TDS rate on such winnings is 30%, with the total tax liability, including surcharge and cess, amounting to % Winning award