Lottery Winnings

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California: Does not tax lottery winnings at the state level Federal taxes still apply New Hampshire and Tennessee: Don't have general income tax, but they do

Florida, South Dakota, Texas, Washington, Tennessee, and Wyoming don't impose any income tax at all, so your winnings are safe here The IRS Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you

national lottery instant wins How do I calculate lottery lump sum after taxes? · Check how much the lump sum payout differs from the advertised lottery prize Lottery winnings are treated as regular income and subject to state and federal income taxes In the US, most states offer some type of cash