Tax estimator
Tax estimator
Lottery prizes count as ordinary income. Put in what you won to see the federal and Colorado tax, and the amount that would land in your pocket.
The cash value of the win, before any tax.
Roughly what you'll earn besides the prize. It decides which bracket the prize lands in.
You'd take home
$0
Enter a prize amount to see the estimate.
An estimate, not tax advice. It uses the 2026 federal brackets with the standard deduction and Colorado's flat 4.4% rate, and assumes the prize is the only thing that changes in your return. Gambling losses can be deducted only if you itemize. For a large prize, talk to a tax professional before you claim it.