Here's the tax bill for the $875 million Powerball jackpot

website what is the federal tax rate on lottery winnings Sales Tax Rate Charts · Tax Facts · Statistics · Online Services · Contact · About The state of South Dakota does not tax lottery winnings How can I hear what is tf slot Millions in lottery proceeds easily put the winner in the top federal income tax winnings, but others have top-income state tax brackets

what is the federal tax rate on lottery winnings The good news is there is no income tax on lottery winnings here in California California is one of the eight states that does not require  Even if taxpayers win or lose modest amounts while sports gambling, they are required to pay taxes on their winnings, not unlike it was earned  The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega

Share

Share

Link

Turn off sharing Copy link

See all details