How much $ Powerball winner takes home after taxes

how much does irs take from lottery winnings
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In fact, lottery winnings are taxed, with the IRS taking up to 37% Curiously, though, only 24% is withheld and sent directly to the government

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

how to play online poker in australia Like all other taxable income, the IRS requires you to report prizes and winnings on your tax return, too That means you might have to pay

how many poker hands are there The federal government will immediately take $142,824,000 from that cash option Remember, the rest of your federal tax bill comes next