I won a $5000 bonus jackpot for getting a royal flush at a casino table game in LV. Will I have to pay taxes on it and how much?

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Yes, you will have to pay taxes on your winnings, but you can deduct your losses from the winnings.  Depending on your income, you might have to pay as much as 35%, but you are more likely in a 25% or 28% tax bracket.

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How much taxes do you pay on $40,000 bonus?

Your tax rate depends on your yearly taxable income, your marital status, and your deductions. A good guess is that you will pay 25% federal tax, which is what a single person would pay if their income after deductions is up to $89350, or a married person would pay if their joint income is up to ...

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