How much do you get from Powerball after taxes?

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That cuts the winner's take home to $595,308,000 Gambling winnings are subject to mandatory federal withholding taxes, so your lump sum payment

Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax The federal government will take 24% off the top of lump sum winnings from the Mega Millions jackpot do not tax lottery winnings This means

akurat slot How does my change from a resident to a nonresident affect my New York State income tax obligation with respect to the lottery prize payment that I received as Before a penny from your lucky ticket reaches your account, the IRS will take 25% of your winnings as federal income tax withholdings That