How much would the $ billion Powerball jackpot's tax bill be?

does the lottery get taxed
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Most states charge a tax on lottery winnings The amount initially withheld and how the winnings get taxed depends on your state's tax rate

Congratulations! You're a lottery winner Now you're probably wondering, is my prize taxable? In Australia, lottery winnings are classified as tax-free

does utah sell lottery tickets Since the tax withholding rate on lottery winnings is only 24%, some lottery winners do not plan ahead, and can have trouble paying their taxes

does a flush beat a full house in poker Thus no TDS applies to winnings below Rs 10,000 Kerala state itself does not impose an additional tax on lottery