Lottery Calculator - The TurboTax Blog

mn lottery tax calculator
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If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding

Gambling winnings, including winnings from the Minnesota State Lottery and other lotteries, are subject to federal and Minnesota income

mn lottery number checker app Whatever option the winner chooses, the federal tax rate of 24% is automatically withheld from the payments, according to Frizzi-Babb For the

mn lottery scratch offs Minnesota, like the majority of states, has a graduated rate income tax system, with the percentage increasing based on income thresholds