Publication 140-W - FAQS: New York State Lottery Winners -

How much do you pay in Pennsylvania taxes on lottery wins? federal lottery tax rate If the winner takes the payout, as many do, the federal tax would cut the prize by around $149 million The lottery tracking group estimated a federal tax rate for lottery winnings But remember, the federal tax brackets are marginal brackets, and you won't pay 37% on all your winnings You only pay the 37% rate on each

federal tax for lottery winnings Lottery winnings are considered taxable income Besides the upfront withholding, your total federal tax rate could be higher—up to 37% If