Cash4 Life
Latest draw · Saturday, February 21, 2026 · evening
Cash4 Life Tax Calculator
See what you'd really take home from a Cash4 Life prize after federal and New York state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $1,000,000
- Federal tax
- − $328,188
- State tax (New York · 10.9%)
- − $109,000
- Net take-home
- $562,812
Estimate only — uses single-filer federal brackets and New York's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Cash4 Life tax FAQ
How much tax do you pay on a Cash4 Life jackpot in New York?
On a $1,000,000 Cash4 Life jackpot taken as a lump sum, you'd pay about $328,188 in federal tax and $109,000 in New York state tax, leaving roughly $562,812.
Does New York tax Cash4 Life lottery winnings?
Yes — New York withholds about 10.9% in state tax on Cash4 Life winnings, on top of federal tax.
Should I take the Cash4 Life 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.