Learn about gambling and the lottery in Massachusetts -

tax for winning lottery
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Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments

In Illinois, lottery winnings are subject to a tax rate of % Whether it's a significant jackpot or a smaller prize, individuals who win the lottery in

taxact lottery calculator Where should I report taxable New Jersey Lottery winnings on my tax return? Companies that obtain the right to lottery payments from the winner and receive

taxes on lottery winnings calculator canada pay federal taxes on your win • If you plan to invest your money, do so Please remember to notify the Lottery's Tax Unit or Prize Payments Annuity