Cash vs annuity: Which Mega Millions, Powerball jackpot payout

lottery tax calculator powerball
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lottery tax calculator powerball Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%  tax on lottery winnings A New York City Powerball winner can expect At the top rate, the federal tax bill on the lump sum option  Some states have no income tax or don't tax lottery winnings, but others have top-income state tax brackets exceeding 10% Powerball isn't

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