Here's how much you pay in taxes on a Texas Lottery win

Taxes on Lottery Winnings Explained does texas tax lottery winnings The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes does the government own the lottery The good news is there is no income tax on lottery winnings here in California California is one of the eight states that does not require

does david get a commission on my lottery dream home Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%