Powerball and taxes: What you have to pay if you win the $935 million

Federal tax Right off the bat, lottery agencies are required to withhold 24% from winnings of $5,000 or more, which goes to the federal

Lottery prizes of $5,000 or more are subject to federal income tax withholding As a result, if you win a jackpot worth that much, 24% of your

whats the worst hand in poker Income earned from lottery, game shows, and online games are taxable at a special rate of 30%, with TDS deducted before winnings are given

what are big blinds in poker 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