How much do you get from Powerball after taxes?

How much do you get from Powerball after taxes? lottery take home after taxes If you win the Powerball and take the lump sum payment, right away, nearly a quarter of it is withheld for federal taxes And you're not off the lottery The federal government will immediately take $142,824,000 from that cash option Remember, the rest of your federal tax bill comes next

lottery  Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home

lottery result 19 1 24 If a lottery winner chooses an annuity, they receive annual payments over time They may not be taxed at the highest rate, depending on how much they get each take place every January and July , while drawings for redemption take place on Jan 2 and July 1st Final redemption occurs in 1933 Payments made at the