Michigan Lottery Tax Calculator

ny lottery tax calculator
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You calculate taxable income by subtracting the greater of the Some states have no income tax or don't tax lottery winnings, but

Is the tax rate different for different lotteries? No All gambling winnings are treated equally This means if you win Mega Millions, Powerball or a state

ny lottery corner 2 How do you calculate taxes on Mega Millions? You can compute your net lottery winnings by subtracting federal , state (0-

nys evening lottery numbers All winnings over $5,000 are subject to tax withholding by lottery agencies at the rate of 24% NY, OH, PA, SD, TX, UT, VA, WA, and WY