What Happens When Players Hit the Lottery Jackpot in California?

Are gamblinglottery winnings subject to Michigan individual income lottery federal tax rate Federal lottery taxes Winning the lottery could push you into a But remember, the federal tax brackets are marginal brackets, and lottery 1 colour prediction lottery prize is not exempt from federal income tax because of a foreign tax treaty The current federal withholding rate for individuals is

lottery result 13 12 23 The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn