'Jeopardy James' Wins Again...and Ups His 2019 Tax Bill

After winning the "Jeopardy!" Tournament of Champions, James Holzhauer will owe the IRS and California even more on April 15.

(Image credit: © 2019 Califon Productions, Inc.)

The king has reclaimed his crown! James Holzhauer, who won 32 straight "Jeopardy!" games earlier this year before losing to Emma Boettcher, just beat Boettcher and Francois Barcomb to win the 2019 "Jeopardy!" Tournament of Champions. For his latest victory, the quiz-show wiz will pocket $250,000, which brings his total "Jeopardy!" winnings for the year to a whopping $2,712,216. But, of course, Holzhauer won't be able to keep all that money. The IRS and the State of California are going to want a piece of the action, too. Their tax bite was already going to be high, but just by winning the Tournament of Champions, Holzhauer will owe about $125,750 more in federal and state taxes.

Holzhauer's total "Jeopardy!" winnings will put him in the highest federal income tax bracket for 2019, which means he'll pay tax on at least a portion of his winnings at a 37% rate. As a result, he'll likely have to pay around $942,000 of his winnings to the IRS. (Since Holzhauer is married, we used the tax rate schedules for taxpayers filing a joint return.)

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Rocky Mengle

Rocky Mengle was a Senior Tax Editor for Kiplinger from October 2018 to January 2023 with more than 20 years of experience covering federal and state tax developments. Before coming to Kiplinger, Rocky worked for Wolters Kluwer Tax & Accounting, and Kleinrock Publishing, where he provided breaking news and guidance for CPAs, tax attorneys, and other tax professionals. He has also been quoted as an expert by USA Today, Forbes, U.S. News & World Report, Reuters, Accounting Today, and other media outlets. Rocky holds a law degree from the University of Connecticut and a B.A. in History from Salisbury University.