Michigan Unclaimed Lottery -

State of NJ - Division of Taxation taxes on michigan lottery winnings For prizes over $5,000, the Lottery is obligated to withhold 24% for federal income tax and % for state income tax, according to the taxes on michigan lottery winnings The winner's state of residence will also impact their take-home amount as some states like Texas and California don't tax lottery winnings,

giorgia meloni meme Holding the lottery winnings in a trust has some tax advantages because it avoids probate of the lottery proceeds upon death of the winner and