Tax Planning for Lottery Winners

Depending on your other income and the amount of your winnings, your federal tax rate may be as high as 37% You may also be subject to state

Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out

taxes on 2 million dollars lottery winnings Texas is one of 10 states that does not tax lottery winnings at the state level If there is no jackpot winner in Saturday's drawing, this

taxes on million dollar lottery Texas is one of 10 states that does not tax lottery winnings at the state level Texas has seen two Powerball Grand Prize winners since joining