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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 ... Most stories about lottery prize taxes highlight a federal income tax withholding of 25% for ... Puerto Rico No state or federal taxes on lottery winnings.

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

money.cnn.com/2016/01/08/pf/taxes/powerball-jackpot-tax-bill/

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 ...

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

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

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 ...

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

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

The winnings are subject to federal income tax withholding (either regular ... such as a car in a sweepstakes, wagering pool or lottery, must be taken into account ...

Tallying the big tax bite of a $1.5B Powerball win - CNBC.com

www.cnbc.com/2016/01/11/tallying-the-big-tax-bite-of-a-14b-powerball-win.html

Jan 12, 2016 ... Lottery winnings are taxed as ordinary income. ... be subject to the highest federal tax rate of 39.6 percent," said Melissa Labant, director of 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 ...

Lottery winning 101: First get a lawyer and a tax expert - NBC News

www.nbcnews.com/business/lottery-winning-101-first-get-lawyer-tax-expert-4B11201155

Sep 19, 2013 ... Lottery winning 101: First get a lawyer and a tax expert ... it's better to have even a lesser amount taxed at lower rates—and your annual ... brother-in-law is free; the next $5 million will be subject to a 45 percent federal tax.

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

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

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 ...

The best and worst states for winning the $1.5 billion Powerball ...

www.washingtonpost.com/news/get-there/wp/2016/01/09/the-best-and-worst-states-for-winning-the-800-million-powerball-jackpot/

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 ...

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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 ... top federal individual income tax rate from 35% to 39.6% on taxable income (for ...

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 ...

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

classroom.synonym.com

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 ...