Lottery Tax Calculator

A: For residents and resident aliens, percent in federal and state withholding taxes is deducted for every Lottery prize over $5,000 Current federal tax

Any guesses on how much tax you have to pay? Photo: AFP · Now, the laws also say that tax can be deducted only if such lottery income is greater

how to check the postcode lottery If you win, there are two choices for the payout: a lump sum of Some states have no income tax or don't tax lottery winnings, but

how much is it to play the lottery For non-resident aliens, current tax laws require that the Lottery withhold 30 percent in federal income taxes on all Lottery prizes and percent in