How much will Mega Millions winner get after taxes? $ billion
How much will Mega Millions winner get after taxes? $ billion
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Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax
Reporting Gambling Winnings You'll report the income and the taxes already paid on it under Other Income on your Form 1040 tax return when you prepare The first thing that happens when you turn in that winning ticket is that the federal government takes 24% of the winnings off the top But the
1x vegas slot Others don't have a general income tax, but you'll still owe federal taxes A few states have specific rules on taxing lottery winnings: California: Does not However, if a winner's Connecticut Lottery winnings clearly exceed the high income thresholds (single or filing separately: $500,000; head of household:
