What Percentage of Lottery Winnings Would be Withheld in Your

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Lottery Tax Calculator helps you determine what you owe in taxes Know how lottery winnings are taxed? What is the tax rate for lottery? And more at TaxAct

If your lottery winnings exceed $5,000, the prize payor can withhold up to 15% for state taxes If you live in a state with no income tax ( Federal Tax on Lottery Winnings · If income is $11,000 or less: 10% · If income is $11,001-$44,725: 12% · If income is $44,726-$95,375: 22% · If

second chance lottery illinois tax treatment of State lottery winnings tax withholding only if the proceeds from the wager exceed $5,000  Winning a large lottery prize can be a wonderful experience as you Contact a professional tax adviser to help you determine your total tax liability