Lottery Tax Calculator

Federal and state tax for lottery winnings on lump sum and annuity payments in the USA

Most lottery winners want a lump sum payment immediately. Then, they can choose to invest it into a retirement plan or the other stock option to generate a return. The main benefit of a lump sum is getting complete access to the funds.

All individuals, accountants, economic advisors, wealth managers, and lawyers also love to take lump-sum amounts. The winner wants to take the whole amount because they can use it to buy stocks or a company.

Many monetary advisors suggest selecting the lump sum because you typically get a bigger return on investing lottery winnings in huge gain assets.

You can also get knowledge about the taxes applied to your winnings using a lottery tax calculator.

Alabama state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %

Alaska state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %

Arizona state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5 %

Arkansas state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 7 %

California state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %

Colorado state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 4 %

Connecticut state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 6.99 %

Delaware state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %

Florida state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %

Georgia state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5.75 %

Hawaii state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %

Idaho state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 6.925 %

Illinois state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 4.95 %

Indiana state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 3.23 %

Iowa state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5 %

Kansas state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5 %

Kentucky state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5 %

Louisiana state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5 %

Maine state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5 %

Maryland state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 8.75 %

Massachusetts state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5 %

Michigan state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 4.25 %

Minnesota state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 7.25 %

Mississippi state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %

Missouri state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 4 %

Montana state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 6.9 %

Nebraska state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5 %

Nevada state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %

New Hampshire state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %

New Jersey state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 8 %

New Maxico state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 6 %

New York state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 8.82 %

North Carilona state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5.499 %

North Dakota state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 2.9 %

Ohio state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 4 %

Oklahoma state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 4 %

Oregon state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 8 %

Pennsylvania state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 3.07 %

Rhode Island state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 5.99 %

South Carolina state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 7 %

South Dakota state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %

Tennessee state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %

Taxes state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %

Utah state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %

Vermont state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 6 %

Virginia state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 4 %

Washington state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %

West Virginia state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 6.5 %

Wisconsin state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 7.65 %

Wyoming state tax on lottery winnings in the USA

Federal Tax: 25 %
State Tax: 0 %