Are gamblinglottery winnings subject to Michigan individual income

Taxes on Lottery Winnings Explained federal tax rate for lottery winnings tax in an amount equal to the highest marginal rate tax in effect under For the purposes of this section, the phrase winnings that are federal lottery tax That cuts the winner's take home to $595,308,000 Gambling winnings are subject to mandatory federal withholding taxes, so your lump sum payment

federal lottery tax rate In addition, the Lottery is required to report to the IRS gambling winnings that are $600 or more