Gambling and Lottery Winnings

lottery federal tax rate
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Further, dividends and capital gains would probably be taxed at a federal rate of roughly 24 percent (The sum of the top capital gains and

income tax if the prize payment is includable in your federal adjusted gross income for the tax year If you are a resident of New York City or Yonkers, the

lottery result w757 First, any prizes above $5,000 will be hit at least with a 24% federal tax, regardless of which state you are in The winner may owe additional

lottery like The current federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35%, and 37% So, depending on the amount of prize money received, the federal