The Best and Worst States to Pay Taxes on Lottery Winnings

does texas tax lottery winnings
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Texas is another state that won't tax your Powerball lottery winnings However, the state's sales tax rate of % is a bit high compared to

A sole winner in Texas who took the cash option would take home about $ million after paying 24% in federal taxes There is Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you

poker italia 24 However, there are 13 states that do not collect additional taxes on residents' lottery winnings Texas, Utah, Washington and Wyoming  Winnings are reported to federal and state tax agencies, and tax rates are based on taxable income What to know if you hit the jackpot: Here