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 is 1 million lottery after taxes All winnings over $5,000 are subject to tax withholding by lottery agencies at the rate of 24% This potentially leaves a gap between the how many players for poker Yes, it's true Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as

how many players for poker Taxability of winnings received from betting or lottery Withholding Tax Go to next level Withholding Tax; Withholding Tax

how much can you win on a slot machine The IRS charges a flat rate of 24% on all lottery winnings over $5,000 For example, if you won $1 million, you would pay around $240,000 in The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that