Arizona Lottery winner brochure

How are lottery jackpots calculated? federal lottery Lottery winnings are treated as regular income and subject to state and federal income taxes In the US, most states offer some type of cash federal tax on lottery winnings lottery, Sandia Area encourages you to take precautionary steps and report it to the Federal Trade Commission You can report international lottery

federal tax rate for lottery winnings Taxes: The IRS requires that you report ALL Lottery winnings The Lottery is required by law to withhold 24% for federal taxes and % for state income taxes