How much does Powerball jackpot winner get after taxes?

how much are lottery winnings taxed
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That's because when anyone wins the lottery, the IRS withholds 24% of the winnings off the top With a large jackpot, if the winner opted for the lump sum cash

Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a So in total, the winner will pay 37% in federal taxes, said Missouri Lottery Lawyer Kurt Panouses, who specializes in helping lottery winners

jagat slot How do I calculate lottery lump sum after taxes? · Check how much the lump sum payout differs from the advertised lottery prize 4 How are lottery winnings taxed if received by a non-resident Indian ? For NRIs, lottery winnings are also taxed at a flat rate of 30%