Everything You Need to Know About Filing Taxes on Winnings

Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire,

If you take the lump sum payout of a sizable lottery jackpot, you will likely be pushed into the top tax bracket of 37%

taxes on lottery winnings canada However, California is one of the 13 states that do not collect additional taxes on residents' lottery winnings Texas, Utah, Washington and

taxes paid on lottery winnings Lottery winnings are considered taxable income for federal tax purposes and your winnings are taxed the same as your wages or salary Most prize winners pay a