WebFeb 9, 2024 · HGTV's My Lottery Dream Home has consistently been a ratings winner for the network. In a 2024 press release, HGTV boasted that 15.7 million viewers had tuned in for … WebTotal ARV of Grand Prize is $2,567,680.00 if Grand Prize Winner takes title to the HGTV Dream Home or $1,752,680.00 if Grand Prize Winner selects the Cash Option in lieu." So if take the house your tax bill will be about $1,136,633.90 from the federal and then whatever your state charges for income tax. Mine would be an additional $148,925.44.
Hefty tax bill on HGTV
WebWhen you buy a home, how much do you pay in taxes? Consult a tax professional if you win a home in a contest. In a contest, winning a house could push you into the marginal tax rate of 25%. You’d owe an additional $50,000 in federal income tax on a $200,000 house you won in a contest ($200,000 x). 25 = $50,000). WebJan 31, 2024 · Based on an analysis by Vocativ, the grand prize typically comes with a federal income tax bill of nearly $700,000, plus income and real-estate taxes that vary in price based on the home's... エアバンド 周波数 自衛隊
What is the HGTV Dream Home Giveaway? - dhgate.com
WebOct 9, 2024 · The winner of the sweepstakes walks away with the HGTV Dream Home, a perfectly renovated, brand-new home situated in a cute, often expensive neighborhood in America. Over the years, the featured homes have been situated all over the country, with designs ranging from modern minimalist masterpieces to refurbished rustic farmhouses. WebJul 19, 2024 · The taxes you have to pay if you win the HGTV Dream Home vary depending on the state and municipality in which the home is located. You may be required to pay income tax, property tax, and/or other taxes. For example, in California, the winner would be required to pay income tax on the prize as well as property tax. WebMar 31, 2024 · How much are the taxes on the HGTV Dream Home 2024? After all, as Vocativ explains, being deemed the lucky winner for a home worth $1.75 million will cost … pallanuoto poggibonsi