Powerball Lottery Jackpot Nears $1 Billion: Here's How Much The

Lottery winnings and prizes are considered income by the IRS and are subject to federal and state income tax You'll owe taxes in the year

A sole winner in Texas who took the cash option would take home $392,768,000 after paying $124,032,000 in federal taxes

does lottery winnings affect social security_ A sole winner in Texas who took the cash option would take home about $ million after paying 24% in federal taxes There is

does slot rush pay real money Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax