If you hit the $750 million Powerball jackpot, here's your tax bill

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There are federal and state US taxes payable on larger US lottery winnings The federal tax rate that is paid as a non-resident winner is 30% on payouts above

However, while UK lottery winnings are tax-free, if you choose to split your prize money with those closest to you, they may be required to If you take the lump sum payout of a sizable lottery jackpot, you will likely be pushed into the top tax bracket of 37%

william hill poker bonus Winner of Mega Millions $ billion jackpot claims prize in Florida—a state that does not tax lottery winnings Florida is a good place to hit You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize