Arizona Lottery winner brochure

lottery taxes federal
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The federal government withholds 24% of your winnings immediately You may owe additional federal taxes depending on your overall tax bracket Each state also

Gambling income includes but isn't limited to winnings from lotteries, raffles, horse races, and casinos federal income tax withholding You must report all lottery prize is not exempt from federal income tax because of a foreign tax treaty The current federal withholding rate for individuals is

daily lottery online The Internal Revenue Service imposes a federal tax rate of 24%, and California's state income tax, with rates ranging from 1% to %, 1 Federal taxes will be owed on lottery winnings The amount of federal tax owed will depend on the amount of money won and the winner's tax