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New Member
posted Oct 25, 2020 7:34:16 AM

How much taxes would I be paying if I won a sweepstakes prize of 335000

0 2 275
2 Replies
Level 15
Oct 25, 2020 8:02:17 AM

We have no idea since we know nothing else about your other income.  We cannot see any of your information at all.  Try using the taxcaster tool.

 

https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

 

But congratulations on the big win!

Level 15
Oct 25, 2020 8:15:25 AM

I highly recommend you seek local professional assistance to discuss your tax implications for both fed & state since what they withhold is most likely not going to be enough.