Your Tax Refund or Lottery Money Was Sent to the EDD -

tax on lottery winnings usa   Dan taxes on $2 million dollars lottery winnings

That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and

Right away, 24% of that cash value is withheld for federal taxes and goes to the IRS, TurboTax explains So if the Oregon Powerball winner does In Dickerson, Tonda Lynn v Comm , the Tax Court held that an individual owed gift tax on the transfer of 51 percent of her lottery winnings

lottery calculator app Depending on the number of your winnings, your federal tax rate could be as high as 37% as per the lottery tax calculation State and local tax rates vary by Not all states tax for lottery winnings, Federal does though Federal is entitled to 28% under 500k Over 500k they can take up to like 38% For