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

How much money will you get after taxes if you win the Powerball how much do you pay in taxes on lottery winnings
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how to unlock 3rd insured slot dmz When you win the lottery, your winnings are considered ordinary taxable income Your prize money is taxed at the same rate as your wages and

how much tax deducted from lottery winnings You have two choices: lump sum payout or annual payments spread over 30 years In truth, most lottery winners opt for the cash lump sum upfront, However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the