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 ...
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 ... top federal
individual income tax rate from 35% to 39.6% on taxable income (for ...
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 ...
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 about $369
million in ...
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 ...
As of 2012, the top federal income tax rate is 35 percent, applied to all taxpayers
regardless of filing status if taxable income exceeds $398,350. But the lottery ...
If you win big, the 25 percent withholding might not be enough. ... percent of
lottery winnings be withheld for federal income tax, you'll owe even more if you
win a ...
The winnings are subject to federal income tax withholding (either regular ... A
noncash payment, such as a car in a sweepstakes, wagering pool or lottery, must
If federal, state and city or county income taxes remained at the same rate for the
next 26 years, there would be no impact on your winnings. If they rise, you ...
Jan 9, 2016 ... All lottery winnings are subject to a 25 percent federal tax withholding. And that
doesn't include the taxes charged by most states, which could ...