Financial Toolset

Lottery Tax Calculator - How Much Do You Keep After Taxes?

Calculate how much you keep after federal and state taxes on lottery winnings.

Compare lump sum vs annuity payouts and see your net take-home amount.

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Sources & References

Federal Income Tax Brackets (2025)

Ordinary income is taxed at graduated rates from 10% to 37% based on filing status and income level.
→Source: IRS - Federal Income Tax Rates and Brackets(2025)

Capital Gains Tax Rates (2025)

• Short-term capital gains (assets held ≤1 year): Taxed at ordinary income rates (10-37%)
• Long-term capital gains (assets held >1 year): 0%, 15%, or 20% based on income
→Source: IRS Topic 409 - Capital Gains and Losses(2025)

State Tax Rates

State income tax rates vary from 0% (no state income tax) to 13.3% (California top rate).
→Source: Tax Foundation - State Income Tax Rates(2025)

Qualified Dividends

Qualified dividends are taxed at the same preferential rates as long-term capital gains (0%, 15%, or 20%).
→Source: IRS Topic 404 - Dividends(2025)

Note

Tax laws change frequently. These rates are current as of 2025. Always consult a tax professional for personalized advice.

⚠️ Note