Mega Millions jackpot: How much will the winner pay in taxes

lotteries in other large states varied substantially, with California collecting about 1% and Florida just over 3% of their own-source general revenue from

Mega Millions jackpot: How much will the winner pay in taxes Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,

lotteries in other large states varied substantially, with California collecting about 1% and Florida just over 3% of their own-source general revenue from

lottery ananda sambad Lottery and Gambling Winnings · Withholding Rate from Gambling Winnings New Jersey Income Tax is withheld at an amount equal to three percent (3

Lottery winnings are taxed at a marginal rate of 35% to the winner or winners There can also be gift taxes associated with sharing the winnings

lottery taiwan sport States like New York impose a % tax on lottery earnings, whereas others, such as Texas, Florida, and California, do not tax them at all The

Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The