Are gamblinglottery winnings subject to Michigan individual income

Taxes on Lottery & Gambling Winnings: What You Need to Know what is the lottery tax The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that what is a bounty in poker While you don't have to report lottery winnings of $600 or less, if you win more than $5,000, the government will hit you with a 24 percent federal withholding

what is address line 1 in dv lottery The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab