Lottery Tax Rates Vary Greatly By State

lottery winnings withheld This means that only federal tax rates would apply to winnings in these states State Taxes on Lottery Winnings New York,

Powerball lottery, the federal government gets a chunk of the prize from taxes lottery winnings as income for tax purposes and the tax rates vary by state

lottery age restriction The tax rates and rules for lottery winnings vary from one state to They are Alaska, Florida, Nevada, New Hampshire, South Dakota

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