Lottery Annuity Calculator

lottery tax calculator nc
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Your state will tax the winnings too, unless you live in a state that does not impose a state-level income tax The tax rate will be determined by your income

State tax rates on lottery winnings vary If you live in Ohio, your state tax rate for lottery winnings is % So after federal and Calculate Mega Millions taxes in your state to see how much the lottery is worth after taxes with a lump sum payment or the annuity option

lottery result 5 12 23 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 All winnings over $5,000 are subject to tax withholding by lottery agencies at the rate of 24% Tax by State: Which Has the Highest and Lowest