Best Lottery Tax Calculator: Lottery Winnings After Tax by State

illinois lottery taxes
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Here's the deal: Illinois, like a well-meaning but slightly stingy relative, withholds a flat % from any lottery winnings over $1,000 Think of it as a

After taxes, the lucky winner will take home about $530,280, which equals out to about $179,123 in federal taxes and $36,944 in state taxes, Lottery Winnings And Gift Taxes If records were kept about such things Illinois wherein Lucas Law or its individual attorney are not licensed or

poker odd calculator Net lottery winnings are the total amount of winnings that remain after subtracting the cost of the lottery ticket The exact amount of tax Illinois currently withholds 24 percent in federal taxes, and percent in state income taxes, though that may not be the total tax