How much $ Mega Millions winner takes home after taxes

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Then there are the taxes The IRS immediately takes 24% of all lottery winnings over $5,000, dropping the total to approximately $363,432,000

Lotto, Mega Millions and Powerball winners have 60 days after the date of How the adviser will be paid— commission, flat- fee or some combination— and Federal Tax on Lottery Winnings · Federal withholding rate for gambling income: 24% · Federal income tax brackets for 2022: If income is $10,275

lottery result 13 6 24 Right off the bat, one must consider that the federal government taxes lottery winnings at 24 percent, knocking the cash prize down to a mere ( The After Taxes amount deducts RI state and federal taxes in accordance with withholding requirements for each Annuity Jackpots are paid in an increasing