Guides

One question per guide, answered with figures computed from the 2026 federal and state rules. New guides are added regularly.

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Federal and state tax on any win.

What each option leaves after tax.

Brackets, Form W-2G, 24% withholding and the 90% loss rule.

Every state's tax on a $1,000,000 prize.

Learn why lottery withholding is a prepayment and how higher brackets affect your final tax bill for current rules.

Updated: 2026-09-29