Mega Millions Winner Will Get a Mega Tax Bill

Planning to Retire in the Next 3-5 Years? What to Consider Today | How to Choose a Mutual Fund | When Will Student Loans Be Forgiven? Created for {EMAIL} | [Web Version]( July 28, 2022 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( [SIGN UP]( ⋅ [WEBSITE]( [] Top story [] [Mega Millions Winner Will Get a Mega Tax Bill]( If someone wins Friday's $1.025 billion Mega Millions jackpot, Uncle Sam will take a big tax bite out of the payout (the winner's state might, too). [READ MORE]( Plus: [Seven Things You Should Know About Winning a Lottery Jackpot]( [] Retirement [] [Planning to Retire in the Next 3-5 Years? What to Consider Today]( [Planning to Retire in the Next 3-5 Years? What to Consider Today]( (Getty Images) There's a critical window to adjust plans when retirement looms. Financial planner Julie Virta lists three big-picture things you need to think through to be financially and emotionally prepared. [READ MORE]( Plus: [Did You Just Use an Internet Quiz to Determine Your Retirement Date?]( [Double Your Miles In Your First Year With This Card]( This first class card offers you no-annual fee, flexible rewards and unlimited match of all the miles you've earned at the end of your first year. [READ MORE]( ADVERTISEMENT: [] Mutual Funds [] [How to Choose a Mutual Fund]( Investors wanting to build a portfolio will have no shortage of mutual funds at their disposal. And that's one of the biggest problems in choosing just one or two. [READ MORE]( Plus: [2022's Best Mutual Funds in 401(k) Retirement Plans]( [] student loans [] [When Will Student Loans Be Forgiven?]( [When Will Student Loans Be Forgiven?]( (Getty Images) Millions of Americans are waiting for the Biden Administration’s next hint, which could come later this summer, at how he’ll address the student loan crisis. [READ MORE]( Plus: [How to Qualify for Public Service Loan Forgiveness]( [The World Has Changed. Has Your Investment Strategy?]( At Vanguard, we're invested in you. Which is precisely why we've created Vanguard Personal Advisor Services®, providing remote access to financial advisors, real-time goal tracking, and more confidence you'll meet your goals. [There's never been a more perfect time to get started](. ADVERTISEMENT [] ESG [] [Do You Have Gun Stocks in Your Funds?]( Looking to divest from gun stocks? It can be tricky if you hold them through funds. [READ MORE]( Plus: [The Best Energy Stocks for the Rest of 2022]( [Facts about kidney disease]( 37 million US adults live with chronic kidney disease. Are you at risk? [Click to read more.]( ADVERTISEMENT [] Tax Breaks [] [Home Office Deduction: Can You Claim This Tax Break If You Work from Home?]( [Home Office Deduction: Can You Claim This Tax Break If You Work from Home?]( (Getty Images) If you're working from home, your employment status determines whether you can claim the home office deduction on your tax return. [READ MORE]( Plus: [Tax Planning Shouldn’t Be an Afterthought]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Since 1920, Kiplinger has earned a reputation as a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. Our [flagship publications]( include Kiplinger’s Personal Finance magazine, The Kiplinger Letter, The Kiplinger Tax Letter, Kiplinger’s Retirement Report, and Kiplinger’s Investing for Income. All are regarded as the leading publications in their respective fields. Every day, millions of readers rely on our [free e-newsletters]( and [podcasts]( for help on everything from getting the best rate on a mortgage or car loan, to managing their businesses in an uncertain world, avoiding an IRS audit, building wealth for a secure retirement, or investing wisely in any kind of market. Now it’s your turn to reap all the rewards Kiplinger has to offer. Visit [Kiplinger.com](, your gateway to all of the above and much more. Check in any time for our latest advice on how to make more money, and keep more of the money you make. Stay right on the money, with Kiplinger. [Sign Up]( | [Print Publications]( | [Unsubscribe]( [Privacy Policy]( | [Cookies Policy]( | [Terms and Conditions]( CONTACT US: [FEEDBACK](mailto:mailto:alerts@kiplinger.com) | [ADVERTISE]( Future US LLC © 1100 13th St. NW, Suite 1000, Washington, DC 20005