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🎰 Lottery Tax Calculator

Calculate taxes on lottery winnings including federal, state, and the difference between lump sum and annuity.

Varies by state; 0% in CA, FL, TX
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Lottery Tax Reality

Lottery winnings are taxed as ordinary income. The federal withholding rate is 24%, but the top rate is 37% β€” so you'll owe more at tax time. States like CA, FL, and TX have no state income tax on lottery winnings. The lump sum is typically 60% of the advertised jackpot.

Lottery TaxWinningsFederal TaxLump Sum vs Annuity

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