Powerball jackpot is $ billion If you win, here's the tax bill

Lottery and Sports Wagering Winnings The following table provides the applicable individual income tax rate for tax years 2022 through 2025 and after

Mega Millions and Powerball tax calculators to show you how much money lottery winners take home after taxes in each state

scpx263 However, because the top federal marginal tax rate is 37% — which Amount Jan '16, CA-FL-TN $ $ $ Oct '18, SC $ $

scpx452 Lottery Tax Calculator helps you determine what you owe in taxes Know how lottery winnings are taxed? What is the tax rate for lottery? And more at TaxAct