If you won the lottery, how much could you keep?

taxes on lottery winnings in texas
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Key Takeaways · You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes

Texas is one of 10 states that does not tax lottery winnings at the state level Texas has seen two Powerball Grand Prize winners since joining

taxes on lottery A sole winner in Texas who took the cash option would take home about $ million after paying 24% in federal taxes There is

taxes on lottery winnings ohio Luckily, Texas is not one of the states that impose a state tax upon jackpot winnings, but there are still taxes that a winner must pay If the