DOR Wisconsin Lottery and Gaming Credit Program

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The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or Use the lottery tax calculator to estimate the tax amount deducted from a lottery prize, received as either a lump sum or through annuity payments

lottery scratchcard checker 134 votes, 143 comments 59K subscribers in the IndiaTax community A subreddit for all tax related queries and discussion in India  Cash or annuity? What about after taxes? This calculator shows how much Mega Millions money you'd actually win