How much $1B Powerball winner takes home after taxes

how much does the irs take from lottery winnings
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How winnings are reported to the IRS: Form W-2G · $600 or more if the amount is at least 300 times the wager (the payer has the option to reduce the winnings by

If the winner takes the payout, as many do, the federal tax would cut the prize by around $149 million In an estimate from USA Mega, an

how much is people''s postcode lottery Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

how much are lottery scratch cards Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%