Web Results

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

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 ...

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

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 ...

taxfoundation.org/pretend-you-won-powerball-what-taxes-do-you-owe

Jan 12, 2016 ... First you should definitely know that lottery winnings are taxed just like any other income – in this case, at the top federal and state income tax ...

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

Jan 12, 2016 ... The lottery only withholds 25% of Powerball jackpot winnings, but ... taxed could be much less because Canada doesn't tax lottery winnings.

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.

www.cnbc.com/2016/07/08/tallying-the-tax-bill-on-a-540-million-mega-millions-win.html

Jul 8, 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 ...

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 ...

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.

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. ... Income up to $36,900 is taxed at 15 percent, and anything between $36,900 and  ...