How much will Mega Millions winner get after taxes? $ billion

how much do lottery winnings get taxed
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Winnings are taxed the same as wages or salaries are, and the total amount the winner receives must be reported on their tax return each year Before the winner

Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of

how many people do you need for poker lottery winnings of any amount, unless the prize can be considered income from employment, a business or property, or a prize for achievement

how to claim lottery prize How winnings are reported to the IRS: Form W-2G · $600 or more if the amount is at least 300 times the wager (the payer has the option to reduce the winnings by