How much tax has to be paid on lottery or game show prize money?

How much tax has to be paid on lottery or game show prize money? is lottery winnings taxable
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is dv lottery 2025 open_ The income tax deducted on lottery winnings cannot be claimed as a refund as it is the straight income tax deducted from the winnings of the

is lottery tax free The same is true at the state level While lottery winnings are subject to state income tax in most states, withholding tax varies from zero ( To explain further, the advertised winning amount is the pretax payout over several decades, often 30 years By patiently waiting for their