Financial Tool
Lottery Tax Calculator
Estimate the lump sum payout after federal and state taxes.
Prize Information
Frequently Asked Questions
How much is federal lottery tax?+
The IRS automatically withholds 24% of lottery winnings over $5,000. However, your final liability could be up to 37% depending on other income.
Is Lottery Tax Calculator free to use?+
Yes, Lottery Tax Calculator on Matheric is completely free to use. We believe in accessible education and utility for everyone.
How accurate is Lottery Tax Calculator?+
We use standard mathematical formulas and high-precision computing algorithms to ensure results for Lottery Tax Calculator are accurate for academic and professional use.
Can I use Lottery Tax Calculator on my phone?+
Yes! Lottery Tax Calculator is fully responsive and optimized for all devices, including smartphones, tablets, and desktops.
Do you save my data?+
No. We prioritize your privacy. All calculations are performed in your browser or temporarily processed, and we do not store your personal input data.
How do I report a bug?+
If you notice any issues with Lottery Tax Calculator or have suggestions for improvement, please contact us via the link in the footer. We value your feedback!