Lottery Tax Calculator: How It Works, What You Owe

lottery tax calculator nc
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And North Carolina taxes any lottery winnings over $600 as income For 2023, the individual income tax rate was %, which means, if you

State tax rates on lottery winnings vary If you live in Ohio, your state tax rate for lottery winnings is % So after federal and

lottery weekly Most states charge a tax on lottery winnings The amount initially withheld and how the winnings get taxed depends on your state's tax rate

lottery rrsults Your state will tax the winnings too, unless you live in a state that does not impose a state-level income tax The tax rate will be determined by your income