https://www.lotterypost.com/thread/153581 Lottery Post Forum Topic: Can I get a tax return from jackpot tax withholding? en-us Lottery Post RSS Generator https://www.lotterypost.com/thread/153581/802615 https://www.lotterypost.com/thread/153581/802615 Wed, 28 Mar 2007 06:32:12 GMT KY Floyd Assuming you mean can you get a refund , of course you can. All you have to do is come up with deductions to reduce your net taxable income to less than about $28.5 million. Possible strategies include giving $13 million or so to charity or paying $15 million in medical expenses for a really major illness. You could also hurry out and spend $30 million on lottery tickets, and lose the expected 50% by 12/31.

]]> KY Floyd https://www.lotterypost.com/thread/153581 https://www.lotterypost.com/thread/153581 Wed, 28 Mar 2007 03:54:51 GMT ambelamba Let's say I won 72 million dollars and receive 40 mil for cash value. They will deduct 25% for tax and that means they take 10 mil.

Still I can report that in the annual tax report. So, can I receive any tax return from it

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