How much $ Powerball winner takes home after taxes

how much does irs take from lottery winnings
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However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the

How much will the lottery winner pay in taxes? The IRS views lottery winnings as ordinary income The top tax bracket for the highest earners Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

22.9.23 kerala lottery result The chances of winning Powerball's grand prize are 1 in about 292 million More than $124 million immediately goes to the IRS Before seeing How does my change from a resident to a nonresident affect my New York State income tax obligation with respect to the lottery prize payment that I received as