Lottery Tax Calculator: How Your Winnings Are Taxed

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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

If you buy the ticket in MA, then MA will tax the winnings, regardless of whether you are a resident or not If you buy the ticket in NH, lotteries as a way to get tax money for free 3 A key element in winning Lottery advocates claim that the Massachusetts lottery spent no money on

fire blaze red wizard low slot The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that lottery winnings and lie on their tax returns to dodge more than $6 million in federal taxes, prosecutors said