Powerball Jackpot Winner Will Get a Hefty Tax Bill

do you have to pay tax if you win the lottery
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If You Win a Car, Do You Pay Taxes? Just like if you won the lottery, there is a prize tax imposed when you win a car Any earnings of $600 or

For example, California residents won't get their jackpot taxed, but if you live in Arizona, New York or , expect some more dollars to be

dove slot With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after

double slot bracket If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% Income tax is withheld at a flat 24% rate from