TN Lottery - State Headquarters and Prize Claims Center

does tennessee tax lottery winnings
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Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out How do I calculate lottery lump sum after taxes? · Check how much the lump sum payout differs from the advertised lottery prize

poker machines online Mega Millions jackpot is nearly $1 billion—these 8 states don't tax your winnings · California · Florida · New Hampshire · South Dakota · Tennessee Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax