Do you need to pay tax on lottery winnings?
Above $5 Million, all Lotto Texas®, Powerball® and Mega Millions® jackpot after the expiration of the 180th day following the official end of game
Tallying Up the Taxes on Lottery Winnings - TurboTax 5 million lottery after taxes
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A mandatory federal tax withholding of 24% will be applied to the lump sum, leaving the winner with $ million Depending on the winner's
5 of a kind in poker Mega Millions · Lucky For He chose the lump sum of $600,000 and, after required state and federal tax withholdings, took home $429,009
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