How much money will you get after taxes if you win the Powerball

how much taxes come out of lottery winnings
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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,

The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire,

what''s the lottery for tonight The levy of GST was on the face value of lottery tickets, including the prize money awarded to winners Buyers would now have to shell out 28 per cent GST on 4 How are lottery winnings taxed if received by a non-resident Indian ? For NRIs, lottery winnings are also taxed at a flat rate of 30%