Powerball and taxes: What you have to pay if you win the $935 million

how much do you get taxed on lottery winnings
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You're required to report all of your gambling winnings as income on your tax return, even if you end up losing money overall · You may receive

Prize money is considered any money received from awards, raffles, lottery winnings, and any other type of contest Generally, the IRS taxes prize money as

how do casinos make money off poker Tax on winnings should be reported to you in Box 1 of IRS Form W-2G This includes lottery winnings, sweepstakes you entered by making a

how to play criss cross poker And for a large prize like the Mega Millions, that lump sum will also catapult you into the highest income tax bracket, so you'll pay the top