How Much Money Will the Powerball Winner Get After Taxes?

How Much Money Will the Powerball Winner Get After Taxes? powerball lottery tax calculator
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powerball jackpot lottery winner numbers Generally, 24% comes off the top for federal income tax You will likely pay additional tax on your income when you file your return at a rate that depends on

powerball lottery prediction The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that Lottery winnings are considered ordinary taxable income for both federal and state tax purposes Winnings are taxed the same as wages or salaries are, and the