How are Lottery Winnings Taxed?

does tennessee tax lottery winnings
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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

Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30% Lottery winners in Tennessee cannot remain anonymous A person's name, home state and hometown are public record What did Tennessee couple who

5 tarikh lottery fax Not only do you have to pay taxes to the federal government on your lottery winnings, you may also need to pay state income taxes as well Not When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal