Lottery Tax Calculator
Estimate federal and state taxes on lottery winnings. Compare lump sum vs annuity payouts, see your net take-home amount, and view a year-by-year breakdown for annuity payments. Lump sum payouts are typically 60% of the advertised jackpot.
Inputs
$
%
Results
Gross Payout
$600,000
Federal Tax
$222,000
State Tax
$30,000
Net Take-Home
$348,000
Winnings Breakdown
Last updated: Reviewed by the CalcMountain editorial team
Frequently Asked Questions
SponsoredShop Top Deals on AmazonSupport CalcMountain — browse top-rated products at no extra cost to you.