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Ed Johnson
Ed Johnson, Tax Preparer
Category: Tax
Satisfied Customers: 10760
Experience:  GPHR Cert; U.S. Treasury Tax Advocacy Panel appointee
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Does a Lottery winning affect my Social Security payments

Customer Question

I would like to know for filing taxes
Submitted: 9 years ago.
Category: Tax
Expert:  Ed Johnson replied 9 years ago.

Dear wayner,

Your lottery winnings, if large enough, may reduce your SS payments or make all or a portion of it taxable.

The SS website has a formula for figuring out the effects of your SS benefit payments based on earned income (including lottery winnings).


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