Tag: State taxes
Winning ticket for Powerball $2.04 billion jackpot sold in California
Anadolu Agency | Anadolu Agency | Getty ImagesCalifornia does not tax lottery winningsWhile the IRS will scrape 24% — or $239.4 million — off the top [...]
Powerball jackpot at $1.9 billion — for annuity. Lump sum is overrated
It's hard to imagine what it would be like to win Powerball's $1.9 billion prize. But the reality almost always falls far short of the fantasy."The cu [...]
What 5 key personal finance issues mean for you
As Americans head to the polls, several key personal finance issues are weighing on voters' minds and wallets.This week, the Federal Reserve enacted i [...]
Powerball jackpot hits $1 billion. If you win, here’s the tax bill
The jackpot for Powerball's Monday night drawing is a whopping $1 billion.Sort of, anyway.The advertised number represents the pre-tax amount you'd ge [...]
What ‘millionaire tax’ plans on California, Massachusetts ballots mean for taxpayers
How states plan to spend 'millionaire tax' revenueWhile the proposed taxes sound similar, there are differences in how each state plans to use the rev [...]
13 states may hit borrowers with state tax liability on forgiven student loans
President Joe Biden's student loan forgiveness plan will soon cancel debt for millions of Americans — and the relief is tax-free on federal returns. H [...]
The Mega Millions jackpot is now $1.02 billion. Here’s the tax bill
MARK RALSTON | AFP | Getty ImagesOne way to reduce your tax bill is to think charitably, according to the American Institute of CPAs: You can contribu [...]
Mega Millions jackpot is $810 million. If it’s won, here’s tax bill
Scott Olson | Getty ImagesIf you manage to beat the odds and land the next Mega Millions jackpot, don't forget that Uncle Sam will snatch a slice of t [...]
If you win the $630 million Mega Millions jackpot, here’s the tax bill
MARK RALSTON | AFP | Getty ImagesSo you didn't win the $555 million Mega Millions jackpot Tuesday night.The glass half-full view? Phew! You dodged a h [...]
Tax bill for Vermont winner of Powerball $366.7 million jackpot
If you're holding the winning ticket for Powerball's $366.7 million jackpot, don't forget about your silent partner: Uncle Sam.After rolling higher fo [...]
House Democrats push for repeal of rule blocking SALT cap workaround
Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021 [...]
House Democrats push for SALT relief in appropriations bill
Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021 [...]
Here’s what to do if you missed the April 18 tax filing deadline
Sergey Mironov | Moment | Getty ImagesIf you missed the April 18 tax deadline, you may cut back on penalties by filing your return promptly, according [...]
Supreme Court rejects SALT limit challenge from New York, New Jersey
Rep. Judy Chu, D-Calif., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol.Sarah Silbiger | [...]
Cash-rich states are slashing taxes amid revenue windfalls
Anchiy | E+ | Getty ImagesAnd this year, at least a dozen states have made cuts or are eyeing reductions, including both temporary and permanent measu [...]