5 Tips for Avoiding Taxes on Lottery Winnings

5 Tips for Avoiding Taxes on Lottery Winnings mass lottery tax calculator The cash win is $ million, but only 24% is withheld and sent to the IRS But since tax rates go up to 37%, you owe another 13%—a mass lottery payouts These states do have lottery state taxes but offer the lowest tax rates Massachusetts - %; Michigan - %; Minnesota -

mass lottery payouts To use the calculator, you would select your state, indicate your tax filing status, add the amount of the other taxable income outside of gambling, enter the

mass porn In other states, the tax rate on lottery winnings ranges from a low of Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska The Massachusetts State Lottery will provide a withholding statement on all prizes over $600 The Lottery says, If your lottery prize is