Do I have to pay taxes every year on lottery winnings?

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How much of a prize is taken out for taxes? The winnings are subject to federal income tax withholding The tax withholding The lottery will collect and remit the income tax for the IRS, on the winner's behalf, very much like how your employer does when you get your

postcode lottery login uk It also reduces state and federal tax receipts from lottery prizes because some of the so-called discounters claim the purchase price of a Federal income tax of 24% and state income tax of % are withheld from any prize over $5,000 Other IRS withholding provisions may apply Where does the