What would the $ billion Powerball jackpot's tax bill be in your
What would the $ billion Powerball jackpot's tax bill be in your
Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home
For non-resident aliens, current tax laws require that the Lottery withhold 30 percent in federal income taxes on all Lottery prizes and percent in The lottery agency must withhold 25% of your winnings for federal income taxes How much is withheld for state income taxes varies from state to
burning slots 40 slot California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming do not have lottery winnings withheld This means that only federal With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after
