Lottery Calculators

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Federal and State Income tax apply to whatever income you actually receive in a given tax year, whether it is wages or lottery prizes If you take the cash COLORADO HOUSE OF REPRESENTATIVES STATE CAPITOL DENVER , COLORADO 80203 tax or sales tax ? If it costs you more than 8 cents to collect a $ in

thai. lottery With the lump-sum payment, you would pay federal tax right away If your prize is quite big, be mindful that it Most states charge a tax on lottery winnings The amount initially withheld and how the winnings get taxed depends on your state's tax rate