Powerball and taxes: What you have to pay if you win the $935 million

what is the tax for lottery winnings
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winnings If you sell or otherwise dispose of an asset that was a prize from a lottery, you must declare any capital gains you make in your tax return You

It is important to file tax returns reporting your winnings and pay taxes owed to avoid interest and penalties There is a 5 percent per month penalty for each

what time does lottery close tonight Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no

what is big o poker Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%