Powerball lottery jackpot: Here's how much you get after taxes

taxes on lottery winnings in texas
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Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no

The Texas Lottery says on its website that it must report pay outs over $600 if the winnings are 300 times more than the wager, or prizes over

taxes on lottery winnings in texas Texas is one of 10 states that does not tax lottery winnings at the state level The next drawing will be held on Saturday, Nov 5

taxes paid on lottery winnings Texas, Washington and Florida all do not have state income tax, so there are no lottery state taxes here either These states will not levy