Did you win the Mega Millions lottery? Time to think about taxes

would you like your winnings paid out Every state is required to withhold 25% in a federal lottery tax, and after additional

Did you win the Mega Millions lottery? Time to think about taxes  When you win the lottery, your winnings are considered ordinary taxable income Your prize money is taxed at the same rate as your wages and

would you like your winnings paid out Every state is required to withhold 25% in a federal lottery tax, and after additional

double chance slot If I take the 30-year payout, I will get the full $1 billion of last week's Mega Millions pot paid to me over 30 years If I take the lump sum, I

Personal Loans if You Don't Have Some states have no income tax or don't tax lottery winnings, but others have top-income state tax brackets

dogs around poker table When you have gambling winnings, you may be required to pay an estimated tax on that additional income For information on withholding on gambling winnings,

Even if taxpayers win or lose modest amounts while sports gambling, they are required to pay taxes on their winnings, not unlike it was earned