Here's the tax bill for the winning $ Mega Millions ticket

First, any prizes above $5,000 will be hit at least with a 24% federal tax, regardless of which state you are in The winner may owe additional

Here's the tax bill for the winning $ Mega Millions ticket The cash value is not an annuitized percentage but the cash value Taxes: The IRS requires that you report ALL Lottery winnings The Lottery is

First, any prizes above $5,000 will be hit at least with a 24% federal tax, regardless of which state you are in The winner may owe additional

federal taxes on lottery winnings For winnings over $5,000, the payor must withhold a minimum of 28% for federal withholdings and up to 15% for state withholdings You will pay

Personal Income Tax Facts: Taxpayer Davis, a computer programmer, buys 15 lottery However, since federal law taxes the gain from gambling, Taxpayer Davis may

federal tax for lottery winnings According to federal and state laws, if you provide a social security number the Lottery withholds 28 percent from your prize winnings (24 percent federal; 4

lottery if the winnings are at You must withhold federal income tax from the winnings if the winnings minus the wager