What Is the Tax Rate for Lottery Winnings? - Money

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tax rate, whether the winner opts for the lump sum or not If the jackpot winner lives in a state that doesn't tax lottery winnings, they won't have a state

State taxes on Powerball wins Most states impose a tax on lottery wins New York levies the highest tax on wins at %, followed by Maryland *This calculator includes state tax rates for Depending on your state, your lottery winnings may also be subject to state income tax

online poker stars State tax rates on lottery winnings vary If you live in Ohio, your state tax rate for lottery winnings is % So after federal and For prizes over $5,000, 24% will go towards withholding for federal income tax, and % is withheld for state lottery taxes in North Carolina