Massachusetts Gambling Taxes

massachusetts lottery tax
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Others, such as New Hampshire and Florida, do not tax lottery winnings The Massachusetts tax on lottery winnings is 5 percent, the lowest rate

Lottery winnings are considered taxable income Besides the upfront withholding, your total federal tax rate could be higher—up to 37% If you

massachusetts lottery tax Lottery winnings are considered taxable income Besides the upfront withholding, your total federal tax rate could be higher—up to 37% If you

massachusetts lottery winners A 24% federal withholding would be just the start of the winner's tax bill