Lottery Tax Calculator

You can usually redeem your prize at a lottery retailer for smaller prizes under $600 These winnings are not taxed You are not usually taxed

Federal taxes are withheld at 24% on lottery winnings when they are paid out in Michigan Michigan winners will also see % withheld to cover

michigan lottery number Currently, the Michigan Lottery withholds federal taxes at 24% and state taxes at % on winnings over $5,000 For prizes greater than $600 up

michigan lottery phone number If the winner is not local, living out of state, or the country, they still would come to Michigan to claim, and taxes would be held according