Sweepstakes tax calculator
Estimate the federal and state tax on a sweepstakes prize before you accept it. The prize is stacked on your other income to show the extra tax it creates.
State tax on prize winnings, by state
Which states tax prize winnings and roughly how much. The nine no-tax states, the highest-rate states, and what happens when a prize crosses state lines.
Taxes on non-cash prizes: cars, trips and dream homes
A car, a trip or a house is taxed on its fair market value as ordinary income — with no cash withheld. How the value is set and how to plan for the bill.
How sweepstakes casino redemptions are taxed
Redeeming Sweeps Coins for cash is taxable income. Which form you get, where it goes on your tax return, and whether you can offset Gold Coin purchases.
Form 1099-MISC for prize winnings, explained
You won a prize worth $600 or more and received a 1099-MISC. What Box 3 means, where it goes on your return, and what to do if the value looks inflated.
Do you pay taxes on sweepstakes winnings?
Yes, sweepstakes winnings are taxable. How much you owe, the $600 myth, which IRS form you get, withholding on big prizes, and how much to set aside.