Tax Planning for Lottery Winners

Tax Planning for Lottery Winners illinois lottery tax calculator Use our Mega Millions Payout and Tax Calculator to calculate both annual and lump-sum payouts after federal and state tax deductions illinois lottery scratch off tickets remaining prizes In alphabetical order, here are the tax rates on lottery winnings for all states with a lottery: Illinois - %; Indiana

illinois lottery for evening There isn't a 66% tax on lottery winnings It's 37% plus the state tax rate But you lose half the jackpot if you take the lump sum Reply