Powerball Winner Will Have a Massive Tax Bill

15 States That Tax Military Retirement Pay | What's the Standard Deduction for 2022 vs. 2023? | 401(k) Contributions Are Due Soon Created for {EMAIL} | [Web Version]( November 13, 2022 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Youtube]( [Tax Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Latest News [] [Powerball Winner Will Have a Massive Tax Bill]( The $2.04 billion Powerball jackpot has its big winner and the federal government will get a big chunk of the prize from taxes. [READ MORE]( Plus: [Results for Tax-Related Questions on State Ballots]( [] State Taxes on Retirees [] [15 States That Tax Military Retirement Pay]( [15 States That Tax Military Retirement Pay]( (Getty Images) Taxes on military retirement pay vary from state-to-state. How generous is your state when it comes to helping retired veterans at tax time? [READ MORE]( Plus: [How All 50 States Tax Retirees]( [Should You Invest in This Tech Startup?]( Some words that come to mind when you think about the fast-food industry might be low-profit, chaotic, or short-staffed. Miso Robotics is changing that. [READ MORE]( ADVERTISEMENT [] Taxes in 2023 [] [What's the Standard Deduction for 2022 vs. 2023?]( Most Americans claim the standard deduction on their federal tax return instead of itemized deductions. How much can you claim on your 2022 and 2023 returns? [READ MORE]( Plus: [Capital Gains Tax Rates for 2023 Are Now Available]( [] Tax-Advantaged Savings Accounts [] [401(k) Contributions Are Due Soon]( [401(k) Contributions Are Due Soon]( (Getty Images) Don’t forget the year-end deadline for making the 2022 max 401(k) contributions that can increase your savings for retirement and help lower your tax bill. [READ MORE]( Plus: [529 Plan Contributions Can Lead to State Tax Breaks]( [7 Secrets People Who Retire Comfortably Know About Financial Advisors]( Working with a financial advisor can be a crucial part of any retirement plan. Knowing these 7 secrets can help you potentially avoid years of stress. [READ MORE]( ADVERTISEMENT [] Stimulus Checks [] [Claim a $1,400 Stimulus Check for Free By Nov. 17]( Stimulus payments and 2021 child tax credits are still available for the nearly 10 million eligible individuals who haven’t received them—but an important deadline is just around the corner. [READ MORE]( Plus: [State Stimulus Check in 2022]( [Steer Clear of These Retirement Planning Misconceptions]( Financial myths can make it difficult to plan your retirement — and then stick to that plan. When mapping out your retirement years, it's critical to have the right information. [Learn More]( ADVERTISEMENT [] Also On Kiplinger [] - [10 Tax Planning Tips for the End of the Year]( - [When RMDs Loom Large, QCDs Offer a Gratifying Tax Break]( - [For trustworthy help to live a financially secure life, make more money, and keep more of the money you make, count on the time-tested wealth-building strategies in Kiplinger's Personal Finance magazine]( 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:alerts@kiplinger.com) | [ADVERTISE]( Future US LLC © 1100 13th St. NW, Suite 1000, Washington, DC 20005