Powerball Jackpot Winner Will Get a Hefty Tax Bill

do lottery winnings get taxed
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Some states tax winnings, too That's just federal taxes While not all states tax winnings, some do New York takes the most with a rate of

However, there are 13 states that do not collect additional taxes on residents' lottery winnings Then there are 13 states that don't tax a

do you have a better chance of winning the lottery with a quick pick State lottery winnings are reportable to the IRS where the State agency conducting the lottery requires a winner to complete federal Form W-2G, Certain Gambling

dolphin reef slot free play When you win the lottery, your winnings are considered ordinary taxable income Your prize money is taxed at the same rate as your wages and