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Texans buying Powerball in Louisiana may owe extra taxes, potentially $13.8M more, due to Louisiana’s income tax on winnings.
Texas residents who buy Powerball tickets in Louisiana may face higher tax bills due to differing state tax laws, potentially costing them an extra $13.84 million in taxes, as Louisiana imposes state income tax on winnings while Texas does not.
Experts advise Texans to purchase tickets within the state to avoid unintended tax liabilities, especially during high-jackpot draws like the current $1 billion prize.
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Los texanos que compran Powerball en Luisiana pueden deber impuestos adicionales, potencialmente $ 13.8 millones más, debido al impuesto a las ganancias de Luisiana.