Cash4Life
Latest draw · Wednesday, October 22, 2025
Cash4Life Tax Calculator
See what you'd really take home from a Cash4Life prize after federal and Indiana state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $1,000,000
- Federal tax
- − $328,188
- State tax (Indiana · 3.15%)
- − $31,500
- Net take-home
- $640,312
Estimate only — uses single-filer federal brackets and Indiana's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Cash4Life tax FAQ
How much tax do you pay on a Cash4Life jackpot in Indiana?
On a $1,000,000 Cash4Life jackpot taken as a lump sum, you'd pay about $328,188 in federal tax and $31,500 in Indiana state tax, leaving roughly $640,312.
Does Indiana tax Cash4Life lottery winnings?
Yes — Indiana withholds about 3.15% in state tax on Cash4Life winnings, on top of federal tax.
Should I take the Cash4Life lump sum or annuity?
The lump sum pays a smaller, discounted amount now with full control; the 30-year annuity pays the full advertised jackpot spread over time and can keep you in lower yearly tax brackets. The best choice depends on your goals and tax situation.