Tax on EuroMillions Winnings

If you take the lump sum payout of a sizable lottery jackpot, you will likely be pushed into the top tax bracket of 37%

Aside from federal taxes, the winner may face additional levies from their state of residence, as some states like New York tax lottery winnings

jackpot k chart The State of Maryland has a standard 24% withholding tax on winnings from gambling The 24% is deducted from your winnings should they go beyond

jackpot stardigit today result Yes, it is possible that what you win in the lottery will influence your tax bracket The top federal tax rate might increase from 22% to more