Lottery Tax Calculator
Lottery Tax Calculator
federal tax for lottery winnings
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income tax if the prize payment is includable in your federal adjusted gross income for the tax year If you are a resident of New York City or Yonkers, the
Lottery winnings are taxable Depending on your other income and the amount of your winnings, your federal tax rate may be as high as 37%
federal tax on lottery winnings 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 tax rate for lottery winnings When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal