Income Tax Calculator
Income Tax Calculator
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To calculate the federal taxes, multiply your winnings by 24% For example, if you win $1,000,000, your federal taxes will be $240,000 3
View tax information on gambling and the state lottery in Massachusetts Find out how to report your winnings, what they mean for your tax returns, Frequently-asked questions about state lottery winnings are answered in Informational Publication 2011, Connecticut Income Tax Treatment of State Lottery
earn a living playing slot machines If you win more than $600 on the state lottery or a casino, the operator in question should automatically withhold 24% of your prize to cover 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
