Taxes on Lottery Winnings by State 2024

federal lottery tax calculator
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Estimate your federal refund or calculate your potential tax bill Enter your income, filing status, age, and common deductions and adjustments to learn

IRS withholding tax, drops to $567,872,000 But the winner shouldn't spend all that After all, the federal income tax rate goes up to 37

federal lottery tax Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on lottery winnings, ranging from 0% to %

federal government grant real facebook lottery winners list With a federal tax rate of 37%, a Mega Millions winner would pay a total of $ million in federal taxes and pocket $ million by