Wiki User
∙ 12y agoTaxed as any other ordinary income...meaning at your own personal rate consideing all deduction, exemptions, etc.
Wiki User
∙ 15y agoWiki User
∙ 12y ago69% - all
California does not tax have a state income tax on lottery winnings. The federal withholding rate amount is 25 % to be withheld from the winnings amount.
Tax is withheld on all winnings in the Kansas lottery over 5,000 dollars. If less than that is won, the amount won should be claimed on tax forms.
In Florida, lottery winnings are subject to a 24% federal withholding tax for U.S. citizens and resident aliens for prizes above $5,000. Additionally, there may be state taxes on lottery winnings depending on the amount won and the winner's personal tax situation.
no
Since winnings are the opposite of losses, your question is very confusing. Perhaps your lottery winnings were stolen. If so, you can report the theft to the police.
According to the information at the link below your heirs are entitled to any unpaid lottery winnings.
Yes. Both are utterly irrelevant to lottery winnings.
MA state tax will be witheld on all winnings from $600-$4999. Ma state tax + 25% federal is withheld on 5k and above.
Taxes on lottery (or gambing, etc) winnings are the same as any other ordinary income in both amount and use.
can a convicted felon claim a mega million or powerball lottery winnings in georgia
yes
Yes.