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Lottery Tax Calculator: How It Works, What You Owe

Lottery Tax Calculator: How It Works, What You Owe

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Use the lottery tax calculator to estimate the tax amount deducted from a lottery prize, received as either a lump sum or through annuity payments

lottery winnings for single federal tax filers, according to USA Mega: STATE TAX WITHHOLDING Based on 2022 state tax rates, single filing The initial state withholding taxes are based on published guidance from each state lottery and the final state tax rates are from state government publications

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