Lottery Winnings: How much tax? How much can I give to family?

Do you need to pay tax on lottery winnings? do you get taxed if you win the lottery Winning a lottery prize over $600 does get reported as taxable income, so do any research you need in order to make the best decision for your own financial do you get taxed on the lottery We always say that winning a lottery prize should never be a nightmare or complicate your life If you plan well, surround yourself with trusted advisors and

doa018 Q: What taxes are withheld if I win a lottery prize? A: For residents and resident aliens, percent in federal and state withholding taxes is deducted