Amy Schneider ended a record-breaking 40-day winning streak on “Jeopardy,” taking home a whopping $1,382,800. Now she faces another challenge: figuring out her taxes.
Schneider could owe more than $630,000 in state and federal levies for her Jeopardy run alone, according to Scott Haislet, a California CPA and tax attorney. Given she will get a million-dollar paycheck, the Internal Revenue Service could collect up to 37% of her “Jeopardy” earnings over $523,600. And her home state of California could take 12.3% of the cash reward over $625,369, Haislet says.