Calculate your lottery winnings after taxes in Colorado. Get estimated federal and Colorado tax estimates for your winnings.
Our calculator provides instant estimates of your after-tax lottery winnings in Colorado based on 2025 federal and state tax rates. Enter your details below to see how much you'll actually keep after taxes are withheld.
Colorado has a 4.40% tax rate on lottery winnings.
Enter your details to calculate your after-tax winnings
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Colorado has a 4.40% state tax on lottery winnings in addition to federal taxes.
Use our Colorado lottery tax calculator to estimate your after-tax winnings. Federal taxes apply at a 24% withholding rate only if your winnings exceed $5,000. Additionally, we calculate Colorado state taxes based on current tax rates. Get a clear estimate of your final take-home amount after deductions.
Our calculator simplifies tax estimation in three easy steps:
Choose Colorado to calculate applicable federal and Colorado state taxes.
Select lump sum to see how your winnings are taxed all at once.
Input your total winnings and click 'Calculate After-Tax Winnings'to see your estimated after-tax payout.
This calculator includes federal and Colorado state tax rates but does not account for local taxes, which may vary by city or county.
This calculator provides an estimate based on federal tax withholding and both federal and state tax rates in ${state}. Your actual tax liability may vary depending on total income, deductions, and filing status.
If you win the lottery in Colorado but live elsewhere, you may owe taxes in both Colorado and your home state. Tax treaties between states may apply in some cases.
Lottery winnings are considered taxable income and could push you into a higher federal tax bracket. In Colorado, you may also owe state taxes if applicable.
No, lottery winnings are classified as ordinary income, not earned income. This distinction is important for tax deductions and eligibility for government programs.
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The content provided by Lottery Valley is for informational purposes only and is not intended to serve as tax, legal, or accounting advice. We recommend consulting a qualified tax professional, attorney, or accountant for personalized guidance regarding your federal and state tax obligations. If you come across any inaccuracies or have corrections to share, please contact us at hello@lotteryvalley.com
