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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 ...

Powerball Jackpot: How Much Winners Pay in Taxes, by State - Time

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.

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

www.kiplinger.com/article/taxes/T055-C005-S003-how-much-tax-you-ll-pay-on-your-lottery-winnings.html

Jan 13, 2016 ... The top federal tax rate is 39.6% on 2016 income of more than ... Maryland and Arizona withhold taxes on lottery winnings from non-residents.

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. "If they win the jackpot, they're going to be subject to the highest federal tax rate of 39.6 percent ...

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 ...

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 ...

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

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

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 ...

What is the tax rate for lottery winnings? | HowStuffWorks

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

While you don't have to report lottery winnings of $600 or less, if you win more than $5,000, the government will hit you with a 25 percent federal withholding tax .

How much does Georgia tax lottery winnings? - AJC.com

www.ajc.com/news/news/local/why-georgia-one-worst-states-lottery/np5KG/

Jan 14, 2016 ... Federal taxes of $232 million will be withheld, and $56 million for state taxes. ... States with the highest lottery withholding tax rate. 1. New York ...

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 ...

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

money.cnn.com

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 ...

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 ...

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

www.cnbc.com

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 ...