Winner Of $ Billion Lottery Gets $ Million After Tax

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How do lottery taxes work? ; 10% $0 to $23,200 10% of taxable income ; 12% $23,201 to $94,300 $2,320 plus 12% of the amount over $23,200 ; 22

Use the tax calculator below to calculate how much of your payout you would be taking home following the respective federal and state taxes that are deducted  State Government approve them According to Section 10 of Regardless of the individual's tax slab rate, this rate would apply

16.9 23 lottery result The federal tax rate on lottery winnings is 24%, which means you would owe $240,000 in taxes If you live in a state with a state income tax, State taxes on Powerball wins Most states impose a tax on Lottery USA's tax calculator There are ten states and territories