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Key Takeaways · You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes

If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% Income tax is withheld at a flat 24% rate from The winnings are subject to a flat tax rate of 30% without any deductions The tax is usually deducted at

lottery sambad 10 tarike However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the This includes winnings from the Wisconsin Lottery and out-of-state lotteries No deduction is permitted on the Wisconsin income tax return for