-
Biggest Lottery Win
Powerball jackpot hits $1.8 billion. Here’s the tax bill if you win
Roughly $198.3 million goes straight to the IRS The Powerball jackpot winner can expect a large upfront federal tax withholding. The IRS requires a mandatory 24% withholding for prizes that exceed $5,000. If…
Read More » -
Record Lottery Jackpot
$1.787 billion Powerball jackpot winning tickets sold in two states — one could pay a bigger tax bill
There are two big winners for the $1.787 billion Powerball jackpot — and one could face a bigger tax bill. Winning tickets sold in Missouri and Texas matched all six numbers from Saturday…
Read More »
