What would the $ billion Powerball jackpot's tax bill be in your

taxes on 1 million lottery
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Lottery winnings also count as income, so by winning the jackpot, the ticketholder has been pushed into the 37% tax bracket for those with

If you win a lottery of a million dollars, 24% would go to pay federal taxes State taxes would depend on which state you live in Some states 1 Remember, the 24% you already paid was an estimated tax The real amount you owe depends on your total income for the year There are

poker server This includes all prizes won through Golden Casket, NSW Lotteries, Tatts, Tatts NT and SA Lotteries However, once your prize is in a bank account, any interest Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire,