What would the $ billion Powerball jackpot's tax bill be in Texas?

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Whoever has the winning ticket should contact the Virginia Lottery immediately winnings, and $ million in taxes were paid to the Gaming Proceeds Fund

However, the IRS will scrutinize shared lottery arrangements and assert gift taxes when such arrangements do not pass muster Tonda Lynn and her relatives found Generally, states that impose an income tax charge between %-% There are nine states that do not impose an income tax, which means you'

14_11_2023 lottery result However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the And in all likelihood, at least one state is going to win big twice That's because lottery winnings are generally taxed as ordinary income at