How much do you get from Powerball after taxes?

how much does the irs take from lottery winnings
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How much of a prize is taken out for taxes? The winnings are subject to federal income tax withholding The tax withholding

Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax Yes, it's true Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as

g2gmax slot 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 Any person, resident or non-resident, that wins a large lottery prize in the United States will have to pay taxes worth between 25% and 45%