How much do you pay in Pennsylvania taxes on lottery wins?

federal tax lottery winnings
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The IRS views lottery winnings as ordinary income The top tax winning the lottery would bump the winner — has a 37 percent tax rate

If you live in one of ten states that don't tax lottery winnings, you're probably off the hook for state income taxes They include: Alaska,

federal tax lottery winnings If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding

federal tax on lottery winnings The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega