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Peter Griesch
Peter Griesch,
Category: Tax
Satisfied Customers: 324
Experience:  Tax Counsel at AIG, Inc.
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Does medicare tax get paid on other income such as lottery

Customer Question

does medicare tax get paid on other income such as lottery winnings
Submitted: 1 year ago.
Category: Tax
Expert:  Peter Griesch replied 1 year ago.

No. FICA taxes are only assessed on earned income. Lottery winnings are not earned income. But, there is still federal and state tax due on the winnings, and those amounts are based upon the bracket you total income, including the lottery winnings put you in.

Thanks for your question.

Expert:  Peter Griesch replied 1 year ago.

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