How much tax has to be paid on lottery or game show prize money?

Here's what the $1 billion Powerball winner could owe in taxes do you have to pay tax if you win the lottery file their taxes at the end of the year, they could owe more or less than the actual amount withheld You may wish to consult a tax advisor if you have further dolphins pearl slot free play If you win more than $5,000, you will also be taxed federally When winnings include items that are non-cash prizes , the items will be

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