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How Does a Lottery Winner Determine Taxes?
When one wins the lottery, the gigantic number displayed as the grand prize will never be the actual amount received by the winner. Lottery winnings are subject to federal income tax, and considering the size of most lottery winnings, the federal tax is... More »
Difficulty: Easy
Source: www.ehow.com

Lottery Calculator


Find out just how much you will get from the Powerball and Mega Millions lotteries.

AfterLotto - Lottery Calculator


Calculate federal taxes, state taxes, lump sum amounts, and/or annuitized payments to ... Want to know how much that winning lottery ticket is actually worth ?

Powerball Jackpot Analysis | USA Mega


Powerball lottery jackpot analysis shows the amount a grand prize winner would actually get after federal and state taxes are withheld from the prize money.

Should You Take The Annuity Or The Lump Sum If You Win The ...


Sep 25, 2013 ... "Given the significant size of this lottery prize," Kehoe told Business Insider in an email, "the recipient will be in the maximum income tax bracket ...

Lottery Payment Calculator (JavaScript Version) - gguldens.org


This page will calculate approximate payouts for both cash and annuitized prizes for ... The percentage of taxes that the lottery will withold from your prize: This is ...

Lottery winning 101: First get a lawyer and a tax expert - NBC News


Sep 19, 2013 ... Advice for instant lottery millionaires -- get a lawyer.That's the new mantra in an age when winners can become not just rich overnight, but ...

Lump-sum lottery payment is bad deal - Bankrate.com


May 7, 2008 ... A lottery winner may become a loser if he accepts a lump-sum payment, says Dr. Don ... You'll pay ordinary income taxes on the lump-sum payment. ... Bankrate's " Savings withdrawal calculator" confirms these numbers.

How Much Federal Taxes Are Held From Lottery Winnings? | The ...


When you buy a lottery ticket, you're not the only one that hopes you win. ... How to File a Tax Return on Lottery Winnings · How to Calculate the Actual Lottery ...

How to Calculate Lottery Winnings After Taxes - Budgeting Money


Lottery winnings are always taxable and increase the total income reported on your tax return. The appropriate year to report and potentially pay taxes on your ...

Popular Q&A
Q: How to Calculate Florida Lottery Taxes.
A: Automatic Withholding. If you win $5,000 or more in a lottery and have a Social Security number, Florida makes things easy for you by automatically withholding ... Read More »
Source: www.ehow.com
Q: How to Calculate Tax on a Lottery Ticket.
A: A lottery, unlike other types of contests such as sweepstakes, requires that you purchase a ticket in order to be considered in the drawing. Some lotteries invo... Read More »
Source: www.ehow.com
Q: How do you calculate lottery winnings after taxes?
A: How much you pay ultimately depends on your own tax situation and tax rate. There is no specific rate or category for income from types of gambling. The withhol... Read More »
Source: wiki.answers.com
Q: How do you calculate lottery winnings after taxes?
A: It is very simple to calculate the sum 1+1. First of all learn how to count to 10 : 1,2,3,4,5,6,7,8,9,10 Simple :) Then learn what minus (-) and plus (+) is. Mi... Read More »
Source: wiki.answers.com
Q: How do I calculate federal taxes on form 1040 for $2000 in lotter...
A: I understand that I have to report my $2000 winnings on line 21 of form 1040. However, my state's lottery commission did not withhold any federal taxes on form ... Read More »
Source: answers.yahoo.com