Tax Savvy for Small Business: A Complete Tax Strategy Guide

The top federal tax rate is 37% for income over $500,000 The first thing that happens when you turn in that winning ticket is that the federal

Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or

irs lottery tax A: Yes, foreign lottery winnings are taxable by the IRS in the US Do remember that

irs tax on lottery winnings State lottery winnings are reportable to the IRS where the State agency conducting the lottery requires a winner to complete federal Form W-2G, Certain Gambling