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2. Are Gifts, Prize Winnings and Non-Cash Bonuses Taxable? - AOL

   www.aol.com/gifts-prize-winnings-non-cash...

   As you gather your receipts and proof of income for Tax Day (April 18 in 2023) you may be forgetting one important detail: If you had any lottery or giveaway wins or non-cash bonuses from your...

3. How to Split Lottery Winnings Without Losing Friends or Family

   www.aol.com/lifestyle/split-lottery-winnings...

   If you live in one of these states, consider yourself lucky. You won’t owe state taxes on lottery wins on top of federal income tax: California. Florida. New Hampshire. South Dakota. Tennessee ...

4. How Are Lottery Winnings Taxed in Your State? - AOL

   www.aol.com/lifestyle/lottery-winnings-taxed...

   The tax rate on lottery winnings varies by state. Lottery and State Taxes We've discussed what portion of your lottery winnings will go to taxes at the federal level, but how much are lottery ...

5. Lottery jackpot records - Wikipedia

   en.wikipedia.org/wiki/Lottery_jackpot_records

   All lottery winnings are subject to Federal taxation (automatically reported to the Internal Revenue Service if the win is at least $600); many smaller jurisdictions also levy taxes. The IRS requires a minimum withholding of 24% of the prize (minus the wager) of any gambling win in excess of $5,000.

6. Pennsylvania Lottery - Wikipedia

   en.wikipedia.org/wiki/Pennsylvania_Lottery

   The Lottery then reports all winnings to the IRS. For federal income tax purposes, any lottery winnings over $2,500 in a fiscal year are taxable. However, when the winning amount is greater than $5,000, the Pennsylvania Department of Revenue withholds the proper amount of federal income tax before a check is mailed to the claimant. Pennsylvania ...

7. I Won the Lottery! How Bad Are Taxes Going to Be? - AOL

   www.aol.com/finance/won-lottery-hefty-taxes...

   Before you see a dollar of lottery winnings, the IRS will take 25%. Up to an additional 13% could be withheld in state and local taxes, depending on where you live. Still, you'll probably owe more ...

8. Mega Millions calculator: Here's how much you'd win after taxes

   www.aol.com/mega-millions-calculator-heres-much...

   The tool also calculates your tax liability for each option. Mega Millions tax calculator To use it, enter the amount of your Mega Millions winnings, your tax filing status and state of residence.

9. How much would a $1.25 billion lottery winner actually take ...

   www.aol.com/much-1-25-billion-lottery-165629381.html

   All lottery winnings are taxable income. ... Missouri and Kansas will also apply a 4% and 5% income tax, respectively. ... “You need about 2-3 weeks to put a good plan together before you claim ...