Lottery Planning in Michigan

The initial state withholding taxes are based on published guidance from each state lottery and the final state tax rates are from state government publications

In Michigan, gambling winnings are subject to a 24% withholding for federal tax That said, the actual amount you need to pay taxes on depends

michigan lottery midday The initial state withholding taxes are based on published guidance from each state lottery and the final state tax rates are from state government publications

michigan 3 & 4 digit lottery Prizes over $5,000 are subject to federal tax withholding for US residents and state income tax withholding at the current rate Any money