Lottery Tax Calculator: How Your Winnings Are Taxed

The federal tax rate of 37%, the top federal tax rate, applies to the portion of your winnings that exceeds $1 million, including lottery

To use the calculator, select your filing status and state The calculator will display the taxes owed and the net jackpot

lottery result 22 6 23 The payout calculator will If you win the grand prize, this jackpot analysis provides you with a quick way to see what you would take home after taxes

lottery sambad 16923 Q: Are lottery prizes subject to taxation? A: Effective August 13th 2018, lottery winnings are subject to taxation ; Q: What is the rate of tax? A: Ten percent