Finance & Money
Popular
Lottery Tax Calculator
Calculate federal and state taxes on lottery winnings for lump sum or annuity.
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Gross Prize
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Federal Tax
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State Tax
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Take-Home
| Item | Amount | % of Prize |
|---|
Estimates only. Consult a tax professional for actual liability. Federal rates per 2024 IRS brackets.
State Tax Rates (Reference)
No State Tax
FL, TX, WA, NV
0%
Low (1–4%)
CO, IN, MI
~3%
Medium (5–6%)
MA, NY, IL
~5%
High (7–13%)
CA, NJ, OR
~9%