How much money will you get after taxes if you win the Mega

How much money will you get after taxes if you win the Mega how much does the government take from lottery winnings 8% for Lottery payouts over $10,000, if the claimant does not provide a valid Taxpayer Identification Number New Jersey Income Tax withholding how much is the lottery 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 is the lottery Right away, 24% of that cash value is withheld for federal taxes and goes to the IRS, TurboTax explains So in this scenario where just one

how to calculate lottery odds Before the winner receives any of the money, however, the IRS automatically takes 24% of the winnings The rest of the winnings are expected to be paid by the All lottery winnings are subject to Due to technical difficulties, the November 7, 2022, draw did not take place until the morning of November 8