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Lottery Tax Calculator | Calculate Lottery Winning

Calculate the tax on your lottery winnings and see how much you'll take home.

Calculate Lottery Winning and Tax

Enter the applicable tax percentage.

Your lottery winnings after tax will appear here

ToolsMaverick Calculate Lottery Winning

This calculator helps you estimate the amount of tax you might owe on your lottery winnings and determines your net payout after that tax is deducted. Lottery winnings are typically subject to significant taxation, so it's important to understand the potential impact on your prize.

How to Use:

  • Winnings Amount ($): Enter the total amount you won before taxes (e.g., $1,000,000)
  • Tax Rate (%): Enter the combined tax rate (federal, state, local) that applies to your winnings (e.g., 30%)
Example: You win $1,000,000 and the applicable tax rate is 30%. Tax Amount = $1,000,000 * (30 / 100) = $300,000. Net Amount = $1,000,000 - $300,000 = $700,000.

Note: Tax rates on lottery winnings vary greatly depending on your location and the size of the prize. This calculator provides an estimate based on the rate you input. Consult a tax professional for specific advice regarding your situation. Results are approximate.

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