Lottery Calculator - The TurboTax Blog

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Texas, Washington, and Wyoming — you won't have to worry about state But for other state lotteries, you'll be taxed at your ordinary income tax rate

Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30% Texas, Washington and Wyoming) Your local citytown may also Tax rates are applied one time and this reduces the potential impact

missav. Texas does not tax Lottery winnings You will report the winnings on your Federal taxes and pay according to whatever tax bracket your winnings Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on lottery winnings, ranging from 0% to %