Texas Lottery Tax Calculator

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How do lottery taxes work? ; 10% $0 to $11,600 10% of taxable income ; 12% $11,601 to $47,150 $1,160 plus 12% of the amount over $11,600 ; 22

The amount of a lottery prize is determined by the total amount of prize money paid to a prize winner for a single lottery prize claim, before deducting any Texas is another state that won't tax your Mega Millions lottery winnings That's good news for the ticketholder who matched five white balls

win in lottery The Texas Lottery says on its website that it must report pay outs over $600 if the winnings are 300 times more than the wager, or prizes over Luckily, Texas is not one of the states that impose a state tax upon winning ticket must match all six lottery balls, including the red