What would the $ billion Powerball jackpot's tax bill be in your

What would the $ billion Powerball jackpot's tax bill be in your does virginia tax lottery winnings Lottery winnings are payed by StatesState-run corporations and as such sourced to the State that pays it Buying a ticket in SC links you to does 711 sell lottery tickets Virginia State Lottery prizes —Lottery prizes of less than $600 may be subtracted from federal taxable income A subtraction is not allowed for the first $599

does 711 sell lottery tickets A Lottery prizes subject to taxation Any lottery prize of $600 or more shall be subject to Virginia income tax To the extent included in

does california tax lottery winnings Pursuant to IRC § 61, gross income includes all income from whatever source derived, including gambling winnings For a taxpayer that does Lottery winnings are considered ordinary taxable income for both federal and state tax purposes Winnings are taxed the same as wages or salaries are, and the