How Taxes on Lottery Winnings Work

If you want to avoid surprises, use this tax calculator and find out how much you will owe in taxes on your lottery winnings

Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,

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lottery sambad Home Selling My Annuity Payments Lottery Payments Selling Lottery Payments Lottery winners have two payout options: a lump sum or an annuity Taking a