Do you need to pay tax on lottery winnings?

do lottery winnings count as income
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Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no

Lottery winnings are considered taxable income for both federal and state tax purposes and must be reported as such Lottery winnings are taxed Those who participate may receive a W-2G form from their app of choice to file winnings with the IRS Businesses that deal with legal gambling

24_11_2023 lottery result lottery and gambling winnings in household income Do winnings from any state count under the lottery and gambling winnings methodology? Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a