Lottery Tax Rates Vary Greatly By State

iowa lottery tax calculator
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iowa lottery tax calculator Gambling is taxed federally as well locally, as in most states Iowa has a withholding rule of 5% of your gambling wins, with 24% withheld for federal taxes  California has the highest income tax rate in the country, but it doesn't tax lottery winnings Iowa: %; Arizona: %; Wisconsin  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

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