How much money will you get after taxes if you win the Mega

how much after taxes lottery
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Powerball and Mega Millions winners usually receive their checks after 14 business days Taxes: The IRS requires that you report ALL Lottery winnings The

The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn  The winner may also face additional taxes from their state of residence, as some states like New York tax lottery winnings at %, while

pa lottery pick 4 past winning numbers many smaller jurisdictions also levy taxes The IRS requires a minimum withholding of 24% of the prize of any gambling win in excess of $5,000 Each payment would be taxed at 24 percent and later at 37 percent when the lucky winner's taxes were filed, leaving them with an annual payment