Tax on Lottery Winnings by State 2023

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State and federal taxes were wiped from the prize and he walked away with $178,751 Lottery prizes in North Carolina are taxed at a rate of

For instance, New York has one of the highest tax rates on lottery winnings at % Some states do not levy income tax or tax lottery New York state tax rate on lottery winnings: % According to New York state law, If the proceeds from your lottery win are $5,000 or less, the prize

buggy bonus slot If you want to avoid surprises, use this tax calculator and find out how much you will owe in taxes on your lottery winnings  Caveat: that may be a little high; I think you can deduct city income tax on your state taxes, but the calculator I found didn't include that