how much is lottery winnings taxed
23VAC10-140-282 Withholding on lottery prizes
how much is lottery winnings taxed
how much is lottery winnings taxed
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how much is lottery winnings taxed Answer: Lottery payments are subject to tax as ordinary income While there is little you can do to avoid this income tax, there are steps you can take to Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home Good question If you're wondering if you have to pay tax on lottery winnings then guess what, you've come to the right place!