Are gamblinglottery winnings subject to Michigan individual income

Prizes and winnings are always taxable once they are in the winner's possession The reward would be subject to tax according to Section 56 and

The federal government treats the lottery winnings as income On prizes over $5,000, the Oregon Lottery withholds at least 24% for federal taxes

how to win at lottery Depending on the number of your winnings, your federal tax rate could be as high as 37% as per the lottery tax calculation State and local tax rates vary

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