federal income

Despite law changes lottery winners will face big tax bills

DES MOINES, Iowa/January 05, 2018(AP)(STL.News)— Pity the Powerball and Mega Millions lottery game winners. Federal tax law changes would seem to promise that those who beat the odds and win a jackpot could keep more of their winnings from the government. But even as the new law cut top federal income tax rates, it also … Continue reading Despite law changes lottery winners will face big tax bills