If you hit the $750 million Powerball jackpot, here's your tax bill

If you hit the $750 million Powerball jackpot, here's your tax bill us tax on lottery winnings
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usa lottery ticket price When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal

us poker Federal Tax Withholding: The lottery is required to withhold 24% of your winnings for federal income tax purposes if you win more than $5,000  income for the year of change on your federal income tax return must be included in The lottery prize payment is gambling winnings taxed as ordinary income