If I win the Powerball lottery in a state and live in another

Lottery winnings are not taxed twice Under both the federal and state tax system, they are considered ordinary taxable income You pay tax on your winnings

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,

virginia lottery mega millions Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

virginia abc lottery Online GamesHow to PlayOnline CashMega MillionsPowerballCash4Life®Cash 5Pick 5Pick 4Pick 3 tax payments for the month: Monthly Taxes Total Tax $8,087,