Jan 13, 2016 ... That's because lottery winnings are generally taxed as ordinary income at both
the federal and state (and, where applicable, local) level. In fact ...
Jan 8, 2016 ... Prize money = taxable income: Lottery winnings are taxed like income, and the
IRS taxes the top income bracket 39.6%. The government will ...
Jan 14, 2016 ... The lottery only withholds 25% of Powerball jackpot winnings, but when state and
federal taxes are added in, winners pay much, much more.
Mar 23, 2013 ... Washington, D.C., which also participates, does tax lottery winnings.) ... ordinary
income and gambling winnings are taxed as ordinary income.
Jan 13, 2016 ... Tax Tips. How Much Tax You Will Pay on Your Lottery Winnings. The federal
government wants to take a bite of that big Powerball payout.
May 6, 2016 ... Taxes take a bigger bite out of winnings than you'd expect. ... Lottery winnings
are taxed as ordinary income. "If they win the jackpot, they're ...
Jan 12, 2016 ... ... $1.5B Powerball. Taxes take a bigger bite out of winnings than you'd expect. ...
Lottery winnings are taxed as ordinary income. "If they win the ...
Taxation of lottery winnings. You should be aware that your lottery winnings are
taxable. This is the case for cash winnings and for the fair market value of any ...
A big lottery jackpot win is a time for celebration, but it's also a taxing time. States
offer winners a lump-sum payout option, which many winners choose instead of ...
When you buy a lottery ticket, you're not the only one that hopes you win. If you hit
a really big jackpot, you're going to have to pay a really big tax bill. While the ...