How Lottery Winnings are Taxed

Your Tax Refund or Lottery Money Was Sent to the EDD - irs lottery tax Determine if your gambling winnings are exempt from federal income tax and if you're eligible to claim a refund of withheld taxes irsh lottery The IRS considers lottery winnings as gambling winnings and taxes the income the same as other types of ordinary income This means you'll

irs tax on lottery winnings Question: My husband and I recently won the grand prize from my State's lottery Can you provide some guidance on how we will be taxed on our lotto winnings