Won a 5000 lottery ticket, my only income is retirement social security how much tax do I have to pay on next year's form

[dfv331]

What's the tax on 5000.00 lottery ticket for federal and state ..I have to pay on my taxes ..only on retirement social security

[Bsch4477]

You probably won’t owe any tax but use this calculator to check. It is for 2024 but 2025 won’t be much different. 

[VolvoGirl]

Well for federal 5,000 is less than the Standard deduction  so it should not be taxable and it probably won't make any of your Social Security taxable either (especially if they pass No Tax on SS).  Are you Single or Married?

Up to 85% of Social Security becomes taxable when all your other income plus 1/2 your social security, reaches:

Married Filing Jointly: $32,000

Single or head of household: $25,000

Married Filing Separately: 0

For 2025 the standard deduction amounts are:

Single 15,000 + 2,000 for 65 and over or blind (17,000)

HOH 22,500 + 2,000 for 65 and over or blind (24,500)

Joint 30,000 + 1,600 for each 65 and over or blind (31,600/33,200)

Married filing Separate 15,000 + 1,600 for 65 and over or blind (16,150)

[rjs]

The state tax depends on what state you live in and what state's lottery you won. Every state has different tax rates and rules.