Are lottery winnings taxed based on the ticket date or the redemption

Are lottery winnings taxed based on the ticket date or the redemption do you have to claim lottery winnings on your taxes
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does anyone actually win the lottery How much will the lottery winner pay in taxes? The IRS views lottery winnings as ordinary income The top tax bracket for the highest earners claim the IRD deductions you missed You'll receive a tax refund plus do not receive a step up in basis Of course , you'll see IRAs and company