DOR Wisconsin Lottery and Gaming Credit Program

Smart tax strategies for lottery winners - Tax Insider lottery tax rate All winnings over $5,000 are subject to tax withholding by lottery agencies at the rate of 24% This potentially leaves a gap between the lottery samvaddata Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%

lottery sambad 22_1_24 With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after