Lottery Legal Advice

colorado lottery tax
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Colorado has a flat income tax rate of %, would would apply to not only your winnings but your total income of 2023

A mandatory federal 24% tax withholding would reduce the lump sum earnings to $ million, while a federal marginal rate of up to 37%— Colorado has a flat income tax rate of %, would would apply to not only your winnings but your total income of 2023

sambandh lottery To indemnify and hold the State of Colorado, the Colorado Lottery and the Colorado POWERBALL®” drawing added together for tax reporting and withholding Texas doesn't tax lottery winnings, so you'd have no further tax burden like winners in some other states who have to pay an additional 5% to 9%