Powerball jackpots are no longer a thing, but Maryland residents still have the option of paying out a lottery tax if they want to.
Powerball winners can claim an additional 1 percent tax on the amount of their winnings that are eligible to be taxed as income.
To do so, you’ll need to pay out $200 for each jackpot win.
Maryland has a similar tax for lottery tickets.
The Maryland Lottery Tax Calculator can help you calculate how much you owe on a lottery ticket, and the Maryland Lotteries Powerball Tax Calculator is the easiest way to figure that out.
The calculator can calculate the amount you owe, as well as calculate your taxable winnings.
Here’s how you can find out how to claim an income tax credit or lottery tax deduction on a Maryland Powerball ticket:Step 1: Find out how many tickets you have:Step 2: Enter your winning number and the jackpot amountStep 3: Enter the winnings you want to claim on the next line.
Step 4: Enter a dollar amount to the left of the dollar sign.
Step 5: Enter $200 on the last line of the Powerball calculator.
Step 6: Click the Calculate button.