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How much you'll pay in taxes for Powerball $ billion jackpot

How much you'll pay in taxes for Powerball $ billion jackpot

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texas lottery after taxes
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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,

The IRS charges a flat rate of 24% on all lottery winnings over $5,000 For example, if you won $1 million, you would pay around $240,000 in Though some states do not have a state lottery tax withholding, they all must withhold 24% in federal tax on prizes as large as this jackpot

moody tools 58-0670 6-piece slot_phil_screw extractor combo reversible driver set 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, Do I pay taxes if I win the lottery in Texas? Yes Lottery winnings are taxable as regular income just like any other type of gambling windfall You'll

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