As the old adage goes, taxes are a fact of life. Whether you hit the jackpot or won a few hundred bucks, you'll need to pay taxes on lottery winnings. There are many things to learn to become an expert (this is why we have accountants), but the essentials actually are. Keystone state lottery players now get their winnings free of state taxes. Winning a huge powerball lottery jackpot is easy compared with the tough job of investing the money smartly.
Another inescapable truth is that most of us could use more money for the things we need as well as the things we just want.
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Here's how it works and how to lower your tax bill.
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Winners of the kansas lottery share their good fortune not just with family and friends but also with the internal revenue service and the kansas department of revenue. Here's how it works and how to lower your tax bill. It's a fact we may not like, but it's still a fact. Before you see a dollar of lottery winnings, the irs will take 25%. The dark side of winning the lottery is the possibility of a huge unexpected tax liability.
Winning a huge powerball lottery jackpot is easy compared with the tough job of investing the money smartly.
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