The 25 Biggest Lottery Jackpots of All Time

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Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

In Tennessee, all gambling winnings are considered taxable income It is important that you keep a detailed record of any earnings throughout STATE TAX WITHHOLDING Residents of the following 14 states are lucky—they won't face any state taxes on lottery winnings: Alabama, Alaska,

slot ทรูมันนี่ The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes Like any income, taxes are by a case by case basis Lottery winners all pay federal taxes Some states do not tax lottery winnings