How much money will you get after taxes if you win the Powerball

Here's the good news: Texas is one of the lucky few states that boasts a no state income tax on lottery winnings That's right, you can high-five your

How much money will you get after taxes if you win the Powerball Tax planning: A trust can be used to minimize the tax burden on lottery winnings This can be especially beneficial for large jackpot winners,

Here's the good news: Texas is one of the lucky few states that boasts a no state income tax on lottery winnings That's right, you can high-five your

texas lottery mega millions next drawing The winnings for a Texas resident would be taxed as income, and if you've hit the jackpot you can definitely expect to be in the top-tier tax

Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

texas lottery mega millions The amount of a lottery prize is determined by the total amount of prize money paid to a prize winner for a single lottery prize claim, before deducting any

The IRS considers lottery winnings as gambling winnings and taxes the income the same as other types of ordinary income This means you'll pay