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

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Lottery winnings aren't income tax-free The IRS and some states will take a share of your windfall, but some states don't tax lottery

joint decision making about what to do with winnings In fact, the Tax Court that ruled against Tonda Lynn cited a successful sharing arrangement from A tax lien is an administrative remedy that does not require court action tax refund or lottery winnings by the amount of the individuals local tax debt

big win 777 slot online However, income tax is withheld at the rate of 25 percent on any gambling winnings of $5,000 or more from any sweepstakes, wagering pool, The new law will prohibit the Virginia Lottery from releasing information of winners with prizes over $10 million