Mega Millions After Taxes: How Much Will the Winner Get?

Lottery winnings are considered taxable income Besides the upfront withholding, your total federal tax rate could be higher—up to 37% If you

The IRS withholds 25% of your winnings immediately, but you'll pay the rest of the federal income tax you owe when your taxes are next due in

how to play lottery in canada Key Takeaways · You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes

how to hack a slot machine with phone Right away, 24% of that cash value is withheld for federal taxes and goes to the IRS, TurboTax explains So if the Oregon Powerball winner does