Tax Information -

mass lottery tax calculator
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Lottery Winnings in the Massachusetts state tax return You may qualify for a credit for taxes paid to another state on the Massachusetts tax

These states do have lottery state taxes but offer the lowest tax rates Massachusetts - %; Michigan - %; Minnesota - Lottery winnings are taxed as income at the state and local level and vary by location For instance, New York has one of the highest tax rates

slot software provider Depending on where you live, you'll owe anywhere from 5%, with an additional state tax due of 9% for the final rate, which is the state tax in On the Federal level, lottery wins are taxed at the same rate as regular income and are entered on Schedule 1 as you do with gambling win As