Lottery Tax Rates Vary Greatly By State

website federal lottery tax calculator lottery and income tax refunds, with other topics related to employment Federal Tax Service of Russia provides taxpayers with quick answers federal lottery tax rate Use the lottery tax calculator to estimate the tax amount deducted from a lottery prize, received as either a lump sum or through annuity payments

federal lottery tax calculator The federal government treats the lottery winnings as income On prizes over $5,000, the Oregon Lottery withholds at least 24% for federal taxes  Pennsylvania withholding is required on such prize payments whenever tax is required to be withheld for federal income tax purposes tax rate in effect at the  Lottery winnings are taxed as income at the state and local level and vary by location For instance, New York has one of the highest tax rates

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