Smart tax strategies for lottery winners - Tax Insider
Smart tax strategies for lottery winners - Tax Insider
taxes on million dollar lottery
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If you take the lump sum option, there will be a federal tax of 24% on your winnings — about $ million You'd also owe more at tax time,
Most states charge a tax on lottery winnings, but a few — including California, Delaware, Florida, Texas and Tennessee — do not Additionally,
taxes for lottery winnings According to estimates from , the winner of the publicized $ billion jackpot would earn $280,885,562, if they take the lump sum
taxes on $5 Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home