If I win the Powerball lottery in a state and live in another

taxes on michigan lottery winnings   Dan taxes on michigan lottery winnings

Lottery winnings are considered taxable income for both federal and state taxes Federal tax rates vary based on your tax bracket, with rates up to 37% Winning

The State of Michigan's lottery tax, while not 0%, is quite reasonable compared to most states It's important to note, the IRS takes 24% off taxes, according to Jake Harris, player relations manager for the Michigan Lottery lottery winnings when they are paid out in Michigan

padmawati result Here are the taxes withheld from winnings claimed by citizens or residents within the state of Michigan Michigan Lottery tax withholdings on winnings for If the cash prize is chosen, the winnings will drop to $ million after a mandatory federal tax withholding of 24% Depending on the