Claiming a DC Lottery Prize DCLB

federal taxes on lottery winnings
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If your winnings are $600 or more, the lottery agency is supposed to give you a Form W-2G that you'll have to file with your federal income tax

A federal Form W-2G, Certain Gambling Winnings, will be issued to you reporting the total prize payment In addition, Form W-2G will also show the amount, if

federal lottery tax rate The IRS takes federal tax “off the top ” But the winner then pays additional federal income taxes based on the tax rate tied to their federal

federal tax lottery winnings Then there are the state taxes Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida,