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What Percentage of Lottery Winnings Would Be ... - Tax Foundation

taxfoundation.org/blog/what-percentage-lottery-winnings-would-be-withheld-your-state

Jan 13, 2016 ... In fact, in most states (and at the federal level), taxes on lottery winnings over $5,000 are withheld automatically. However, withholding rates ...

How Much Will You Pay in Taxes If You Win the Powerball Jackpot ...

time.com/money/4177517/powerball-jackpot-taxes/

Jan 12, 2016 ... The lottery only withholds 25% of Powerball jackpot winnings, but when state and federal taxes are added in, winners pay much, much more.

Powerball $415M jackpot has a big tax bite - CNBC.com

www.cnbc.com/2016/05/06/powerball-415m-jackpot-has-a-big-tax-bite.html

May 6, 2016 ... Lottery winnings are taxed as ordinary income. "If they win the jackpot, they're going to be subject to the highest federal tax rate of 39.6 percent ...

Income Tax on Lump-Sum Lottery Winnings | Finance - Zacks

finance.zacks.com/income-tax-lumpsum-lottery-winnings-6120.html

Lump-sum lottery winnings are taxable as ordinary income in the year the prize is won. There is no reduced tax rate for lottery jackpots. As of 2012, the top ...

What is the tax rate for lottery winnings? | HowStuffWorks

money.howstuffworks.com/personal-finance/personal-income-taxes/tax-rate-for-lottery-winnings.htm

Winning the lottery comes with new pleasures as well as new taxes. Learn all about the tax rate for lottery winnings at HowStuffWorks.

How Much Federal Taxes Are Held From Lottery Winnings? | The ...

classroom.synonym.com/much-federal-taxes-held-lottery-winnings-20644.html

When you buy a lottery ticket, you're not the only one that hopes you win. If you hit a really big ... What you owe is based on your actual tax rate. The way the tax ...

Taxation of lottery winnings - Dawn Hospelhorn - Accounting

www.dawnhospelhorn.com/taxtips/lottowinnings.htm

Depending on your other income and the amount of your winnings, your federal tax rate may be as high as 39.6%. Your lottery winnings may also be subject to ...

How Much Tax Do I Pay If I Win the Lottery? - Budgeting Money

budgeting.thenest.com/much-tax-pay-win-lottery-25827.html

Dreaming of winning mega bucks in the lottery? ... If federal, state and city or county income taxes remained at the same rate for the next 26 years, there would  ...

Powerball Jackpot Analysis | USA Mega

www.usamega.com/powerball-jackpot.asp

Powerball lottery jackpot analysis shows the amount a grand prize winner would actually get after federal and state taxes are withheld from the prize money. ... Powerball annuity payments are made on an annually-increasing rate schedule,  ...

Instructions for Forms W-2G and 5754 (2016) - IRS.gov

www.irs.gov/instructions/iw2g/ar02.html

Sweepstakes, Wagering Pools, and Lotteries. ... The winnings are subject to federal income tax withholding (either regular gambling withholding ... Withhold at the 25% rate if the winnings minus the wager are more than $5,000 and are from:.

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How Much Tax Will You Owe On A $1.5 Billion Powerball Jackpot ...

www.forbes.com

Mar 23, 2013 ... After the 2013 fiscal cliff tax deal, more of your winnings must be shared with Uncle Sam. ... 10 Steps To Take When You Win A Lottery Jackpot ... 2013 fiscal cliff tax deal raised the top federal individual income tax rate from ...

You won the $1.5 billion Powerball! Here's your tax bill - Jan. 8, 2016

money.cnn.com

Jan 8, 2016 ... Anyone who wins the billion-dollar jackpot will have a massive tax bill. ... the highest lottery tax rate anywhere in the nation, since the city also ...

How Much Tax You'll Pay on Your Lottery Winnings - Kiplinger

www.kiplinger.com

Jan 13, 2016 ... The top federal tax rate is 39.6% on 2016 income of more than $415,050 for individuals ($466,950 for married filers). That means you'll pay ...