What would the $ billion Powerball jackpot's tax bill be in your

What would the $ billion Powerball jackpot's tax bill be in your tax on lottery winnings california Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no taxes on $1 million dollars lottery winnings Speaking of taxes, Canadians may have heard of lottery winners paying substantial amounts in tax on their winnings The good news is that

taxes on $1 million dollars lottery winnings While you don't have to report lottery winnings of $600 or less, if you win more than $5,000, the government will hit you with a 24 percent federal withholding

tax slot 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 California does not tax California Lottery winnings, however it taxes lottery winnings from other jurisdictions For SuperLotto Plus and Mega Millions