Texas Mega Millions Jackpot Annuity Payout Schedule

texas lottery tax
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A sole winner in Texas who took the cash option would take home about $ million after paying 24% in federal taxes There is

The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes

texas holdem poker chip However, there's a silver lining for residents of Texas, as you'll be exempt from any state taxes on your lottery winnings, providing significant savings As a

texas poker chips However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the