The 25 Biggest Lottery Jackpots of All Time

website how much after taxes lottery With a federal tax rate of 37%, a Mega Millions winner would pay a total of $ million in federal taxes and pocket $ million by 2051 if how many decks do you play poker with Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,

how much after taxes lottery Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no  In addition, the Lottery is required to report to the IRS gambling winnings that are $600 or more, and  Right away, 24% of that cash value is withheld for federal taxes and goes to the IRS, TurboTax explains So in the scenario

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