Calculate your lottery winnings after taxes in Utah. Utah state tax rate: 4.65% + progressive federal brackets. Get instant estimates for Powerball, Mega Millions, and all lottery games. State withholding threshold: $5,001.
Quick estimates showing taxes withheld immediately plus liability estimates
Flat 4.65% tax rate on lottery winnings. Prizes over $5,001 have state tax withheld. Smaller prizes don't get taxed at payout. Final state taxes may differ when you file.
Enter the cash value amount. This lump sum will be taxed upfront.
Enter your details to see your after-tax winnings
Use our enhanced Utah lottery tax calculator with Simple/Advanced modes to estimate your after-tax winnings. Our calculator distinguishes between immediate withholding (24% federal for winnings over $5,000) and your actual tax liability when filing returns. Additionally, we calculate Utah state taxes with local jurisdictions where applicable. Get precise estimates of your total after-tax winnings including both withholding and additional tax liabilities.
Our enhanced calculator with Simple/Advanced modes simplifies tax estimation for both lump sum and annuity payments in four easy steps:
Choose Utah to calculate applicable federal and Utah state taxes with local jurisdictions.
Select Simple mode for quick liability estimates or Advanced mode for precise progressive bracket calculations based on your filing status.
Select lump sum for immediate payment or annuity for graduated payments over 30 years. Each option has different tax implications.
Input your total winnings and click 'Calculate Your Lottery Taxes'to see both immediate withholding and final after-tax amounts.
In Utah, you'll pay 24% federal tax plus Utah state tax on lottery winnings. The exact amount depends on your winnings size, filing status, and whether you choose lump sum or annuity payments. Our calculator includes progressive federal brackets and local tax jurisdictions for accurate estimates.
Lump sum payments are taxed entirely in the year received, potentially pushing you into the highest tax bracket (37% federal). Annuity payments are taxed annually over 30 years, which may result in lower overall taxes since each payment may fall into lower tax brackets. Utah state taxes apply to both options. Consider your filing status and other income when choosing.
Yes, you pay both 24% federal withholding tax and Utah state tax on lottery winnings. Federal taxes apply to winnings over $5,000, and state taxes vary based on the amount and Utah's specific tax structure. Local taxes may also apply in certain jurisdictions.
In Utah, you typically keep 60-70% of your lottery winnings after federal and state taxes. The exact percentage depends on the winning amount, your income level, filing status, and whether you choose lump sum or annuity. Our calculator provides precise estimates including local tax jurisdictions.
The choice depends on your financial goals and tax situation. Lump sum gives you immediate access to money but may result in higher taxes due to being pushed into top tax brackets. Annuity payments spread the tax burden over 30 years, potentially reducing overall taxes. Consider both federal and Utah state tax implications when deciding. Our calculator shows tax differences between options. Consult a tax professional for personalized advice.
Your filing status (Single, Married Filing Jointly, etc.) affects your federal tax brackets and overall tax liability. Single filers have lower bracket thresholds, while married filing jointly has higher thresholds. Choose the status that matches your actual tax filing situation. Our calculator automatically adjusts federal tax calculations based on your selection.
Utah has state taxes on lottery winnings. Additionally, some jurisdictions like NYC (14.78% combined), Yonkers, and Maryland counties have local taxes. Our calculator includes these local tax jurisdictions for accurate estimates.
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