I Won the Lottery! How Bad Are Taxes Going to Be?

Question: My husband and I recently won the grand prize from my State's lottery Can you provide some guidance on how we will be taxed on our lotto winnings

Is lottery & gambling income taxable? Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by

what states don''t have lottery All must pay lottery tax of % with cess if the winning amount is above Rs 10000, regardless of their income, winnings, age,

what is a loose slot machine These 8 states don't tax lottery winnings · Wyoming · Washington · Texas · Tennessee · South Dakota · New Hampshire · Florida