Lottery Tax Calculator

Lottery Tax Calculator michigan lottery tax If you snag a prize over $5,000, the Michigan Lottery will automatically withhold a chunky 24% for federal income tax and a slightly smaller % for Michigan michigan lottery online Currently, the Michigan Lottery withholds federal taxes at 24% and state taxes at % on winnings over $5,000 For prizes greater than $600 up

michigan lottery online Tax Free Top Prize: $141,340 Price: $

michigan lottery scratch off tickets Taxes on Lottery Winnings ; 26, Nebraska, 5% ; 27, Illinois, % ; 28, Michigan, % ; 29, Colorado, 4%  Under Michigan law, players who win more than $10,000 playing state-only games can remain anonymous, but that's not the case for multi-state