What Is the Tax Rate for Lottery Winnings? - Money

Texas jackpot Texans may grin smugly if they win, for Texas has no state tax on lottery prizes An annuity total of more than $517 million, or

If you live in a state with no income tax , you

lottery game app Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no

lottery chips The person who purchased the ticket selected the cash value option, so they will be receiving about $ million before taxes Texas Lottery,