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

Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments

The current TDS rate on such winnings is 30%, with the total tax liability, including surcharge and cess, amounting to % Winning award

taxes on 100 000 lottery winnings When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal

taxes on lottery Will the New Jersey Lottery withhold income tax on taxable winnings? A The rate of withholdings is determined by the amount of the payout Once it is