After taxes, here's how much a Powerball winner would actually take

how much does irs take from lottery winnings
➡️【Mk.com】✅Play hundreds of ✅classic casino slots and live table games ✅ online, including blackjack and roulette. Join ➡️【Mk.com】 Casino and receive your exclusive ✅  How much tax does the IRS take from lottery winnings? The IRS automatically withholds 30% of net lottery winnings in the US The rate at which how to apply for dv lottery 2024 Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

how much does irs take from lottery winnings Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,  Right away, 24% of that cash value is withheld for federal taxes and goes to the IRS, TurboTax explains So if the Powerball winner does select  Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

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