Won the lottery? What to do if you take home the Lotto 649 jackpot

Federal taxes are due on the total amount of winnings when claimed Winners may move to a new income tax bracket for the year — and their tax rate can more than

Others don't have a general income tax, but you'll still owe federal taxes A few states have specific rules on taxing lottery winnings: California: Does not

does anyone actually win the lottery In the US, at least, lottery winnings are taxed as ordinary income No difference! That being said, I suspect you misunderstand the conversion

does turning up the volume on a slot machine help When a lottery prize is claimed by a group, family unit, club or other organization, the multiple winners will be required to file an Internal Revenue