MegaMillions jackpots, as well as any large lottery prize, are subject to taxes. Your local lottery has to withhold 24% in federal taxes in addition to the state lottery tax. (You’ll face ...
A lucky player in California won the jackpot on Dec. 27, and the prize money reset to $20 million on Dec. 31. According to the lottery, only four MegaMillions jackpots were won in 2024 ...
If there is a winner, MegaMillions jackpot would ... South Dakota, Tennessee, Texas, Washington and Wyoming, that does not tax lottery winnings. “This is where a tax professional really comes ...
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