Lottery Tax Rates Vary Greatly By State

The Best and Worst States to Pay Taxes on Lottery Winnings indiana lottery tax A 1994 study from Indiana University found that from 1983 to 1991 lottery sales tended to rise with unemployment rates lottery Flickr indiana hoosier winning lottery numbers Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%

indiana lottery cash 5 Federal Tax on Lottery Winnings · Federal withholding rate for gambling income: 24% · Federal income tax brackets for 2022: If income is $10,275