Here's the tax bill for the winning $ Mega Millions ticket

Gambling Personal income types - Franchise Tax Board - do you pay tax on the lottery Lottery winnings are tax free but any income earned on those winnings is taxable and should a winner choose to gift some cash to their relatives double slot bracket State lottery winnings are reportable to the IRS where the State agency conducting the lottery requires a winner to complete federal Form W-2G, Certain Gambling

does whole foods sell lottery tickets Bruce Bell: Lottery payments are subject to tax as ordinary income While there is little you can do to avoid this income tax, there are steps