Recovering US taxes withheld from gambling or lottery -

us lottery tax calculator
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The winnings are subject to federal income tax withholding The tax withholding rate is 24% for lottery winnings, less the

Lottery winnings of $600 or less are not reported to the IRS; winnings in excess of $5,000 are subject to a 25 percent federal withholding To use the calculator, you would select your state, indicate your tax filing status, add the amount of the other taxable income outside of gambling, enter the

scan tickets lottery Estimate your tax on lottery winnings with our Lottery Tax Calculator Input your total winnings, lump-sum or annuity option, and state tax Pennsylvania withholding is required on such prize payments whenever tax is required to be withheld for federal income tax purposes tax rate in effect at the