How the Lottery Works and How Much You'd Keep If You Won

lottery calculator taxes
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To put it simply, you would owe $16,290 in taxes on the initial $95,376 of your income and 24% of the remaining $49,624 Consequently, from your $100,000

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

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lottery customer service center near me To calculate the amount you need to pay in Kentucky, enter your annual income and gambling winnings details into our gambling and lottery tax