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

taxes on $1 million dollars lottery winnings
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Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

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,

taxes on lottery Winnings are taxed the same as wages or salaries are, and the total amount the winner receives must be reported on their tax return each year Before the winner

taxes on poker winnings entity in determining your New York State income tax and any applicable city taxes The lottery prize payment is gambling winnings taxed as ordinary income