All About Lottery Taxes

Although you don't have to pay taxes on your lottery winnings, there are a number of things to keep in mind once the money has been sent to you

The IRS views lottery winnings as ordinary income The top tax bracket for the highest earners in this country — which is where winning the

taxes on lottery winnings ohio Whoever has the winning ticket should contact the Virginia Lottery immediately Virginia law assesses a graduated tax on a casino's AGR, or wagers minus

taxes on $2 million dollars lottery winnings Tax Rate: Lottery winnings are categorized as Income from Other Sources and are taxed at a flat rate of 30% plus applicable surcharge and cess