Powerball lottery jackpot: Here's how much you get after taxes

powerball lottery tax calculator
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Whether you win a Virginia Lottery game or a multi-state lottery such as Powerball or Mega Millions, the same tax liability applies That

Powerball tax calculator webpage Gambling and lottery winnings of more than $5,000 are federally taxed at 24% The winnings also count as You calculate taxable income by subtracting the greater of the Some states have no income tax or don't tax lottery winnings, but

sweet bonanza xmas slot png You calculate taxable income by subtracting the greater of the Some states have no income tax or don't tax lottery winnings, but Lottery winnings are taxed the same way as ordinary income See here for exact details Note that you would not pay the top tax rate on ALL of