how much would i take home after tax from the $550m powerball

To use the calculator, select your filing status and state The calculator will display the taxes owed and the net jackpot

Mega Millions after taxes The 2024 federal tax brackets place the Mega Millions jackpot winnings at a 37% tax rate, whether the winner opts for the lump sum

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texas slot 888 For prizes over $600, the Texas Lottery Commission is required to withhold 24% for lottery winnings, less the wager Examples: * If you purchase a $50 ticket