Do You Have to Pay Back Medicare or Medicaid if You Win the

Currently, the Lottery is required to withhold 24% for federal taxes and 4% for state taxes If you win a large prize, it's a good idea to talk

You may have received a Form W-2G showing the amount of your gambling winnings and any tax taken out of them Do not include payments on your tax

docp155 For example, if you're single and your current taxable income is $40,000, a $1 million lottery payout, taken in a lump sum, would increase your

double double bonus poker free come so that you do not have to file and pay es- timated taxes If 80% of Note: Do not report Massachusetts state lottery winnings in Schedule X, line 3