How Taxes on Lottery Winnings Work

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While most services are exempt from tax, Georgia does tax { 48-8-2 Lottery winnings Pension and annuity payments Other sources of income

State tax rates on lottery winnings vary If you live in Georgia, your state tax rate for lottery winnings is % That means you get Most states charge taxes on winnings, too, which range from % to % Eight states don't charge any income tax on lottery winnings

lottery committee Lottery winnings are subject to federal and sometimes state taxes If you win big, plan for the taxes ahead of time Updated May 24, 2024  Georgia income tax Such deductions shall include but not be limited to The taxpayer also has $7,000 of Georgia lottery winnings which are not