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

if you win a million dollar lottery how much is taxed
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The payer will deduct 24% from your winnings on the spot if you win above a certain amount · You'll report your winnings and your tax payments when you file

Lottery winnings are taxed as ordinary income so the lottery prize + earned income + other unearned income determines the tax bracket you fall

if you win the lottery is it tax free New Jersey income tax withholding is based on the total amount of the prize won For example, if two people win a New Jersey Lottery prize of $14,000 and split

if i win the lottery how much goes to taxes you can gamble only twice a week at Lotto 649 , or once a year at the Navidad If lottery rules There are income taxes In Canada , citizens do not