Are There Taxes on Lottery Winnings in Texas?

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Income earned on any of the above amounts is taxable $250,000 and over

A smiling surprised woman in a brown shirt, sitting behind her desk and using her Calculators · Lottery Tax Calculator: How Your Winnings Are Taxed 8 minute Let's say you win $250,000 as a single filer Depending on your other taxable earnings, that prize could push part of your income into the 35%

rising fortune slot machine 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 Virginia's state tax rates range from 2% to % But it doesn't take much – an annual income of more than $17,000