Here's the tax bill for the $875 million Powerball jackpot

ny lottery tax
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Disclosure of your personal information is also required to administer federal and New York State income tax laws for prizes over $5,000, including, without

The top federal tax rate is 37% for income over $500,000 The first thing that happens when you turn in that winning ticket is that the federal

nyc half lottery A: Effective August 13th 2018, lottery winnings are subject to taxation Q: What is the rate of tax? A: Ten percent

ny lottery drawing New York City, for example, applies a local tax of percent in addition to the top state income tax rate of percent and the top federal rate of 24