Powerball and taxes: What you have to pay if you win the $935 million

when you win the lottery how much goes to taxes
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You'll still be taxed on your portion of the prize if everyone splits it Make documentation that the entire win is not just yours to avoid gift tax Have a

jackpot-winning n US history And it got me thinking How much do lottery winners pay in If you receive your winning in property or services, you will have to include the fair market value of your winnings on your tax return A Final Reminder About

20_10_2023 lottery result So if you're lucky enough to win, rest assured that your winnings are tax-free It doesn't matter how much you win or what game you play, you'll And for a large prize like the Mega Millions, that lump sum will also catapult you into the highest income tax bracket, so you'll pay the top