Oregon's lottery winner is a billionaire before taxes; how much will

federal lottery tax rate
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This means you'll pay the highest federal tax rate of 37% Assuming there are no deductions, you'll be liable to pay $344,814 in federal taxes

That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and

federal lottery Of states that do withhold tax winnings, North Dakota is the lowest at % Pennsylvania , Indiana , and Ohio also have low rates of

federal government grant real facebook lottery winners list If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% Income tax is withheld at a flat 24% rate from