Lottery Calculators

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Lottery winnings are considered taxable income for federal tax purposes and your winnings are taxed the same as your wages or salary Most prize winners pay a

Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%  *The GrandJackpot Prize is paid in 30 annual graduated installments Annual payments for Mega Millions® are not equal Each payment will be greater than the

virginia abc lottery On October 1, 2010, the Texas Supreme Court overturned a state law that prevented lottery winners from selling their final two Texas lottery Prize payments may be rounded down to the nearest one thousand dollars Annual payments after the initial payment shall be made by the lottery on the