Mega Millions lottery winnings: How much do you make after taxes?

what is the federal tax rate on lottery winnings
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That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and

The winning amount is tagged with 24% of federal taxes followed by 37 % marginal tax rate After you finish draining your winning amount to

whats the best slot machine to play While you don't have to report lottery winnings of $600 or less, if you win more than $5,000, the government will hit you with a 24 percent federal withholding

what taxes do you pay on lottery winnings The winning amount is tagged with 24% of federal taxes followed by 37 % marginal tax rate After you finish draining your winning amount to