Mega Millions ticket sold in Texas hits $360M jackpot

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winning the lottery in Texas can impact your taxes, including the federal withholding and

Calculate how much tax you will need to pay if you win the lottery in Texas See the difference between cash option and annuity payouts  Mega Millions after taxes The 2024 federal tax brackets place the Mega Millions jackpot winnings at a 37% tax rate, whether the winner opts for the lump sum or

my lottery dream home couple split Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that