Do I need to pay tax on my winnings?

Do I need to pay tax on my winnings? how much is lottery tax Most states charge taxes on winnings, too, which range from % to % Eight states don't charge any income tax on lottery winnings: how many people do you need to play poker The Internal Revenue Service requires the California Lottery to withhold federal taxes from many prizes Please remember to notify the Lottery's Tax

how many people do you need to play poker taxes, respectively This is only for states that don't have a state lottery tax withholding, though you'll likely have to pay taxes on it later

how much do lottery tickets cost Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home If you live in Georgia, your state lottery tax is % After federal and state taxes you'd pocket $268,613,512 If you live in New York