How much $1B Powerball winner takes home after taxes

taxes on $1 million dollars lottery winnings
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All winnings over $5,000 are subject to tax withholding by lottery agencies at the rate of 24% This potentially leaves a gap between the

Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings In Arizona, for example, after all

taxes on 2 million dollars lottery winnings Take out a 24% federal tax — or $ million — as well as $ million in additional federal taxes, and the winner is left with $23,137,045 each

taxes on lottery winnings florida Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you