How much taxes take from the $ billion Powerball prize

how much does irs take from lottery winnings   Dan how yo play poker

Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

Right off the bat, expect the federal government to take at least 24% of winnings over $5,000 upfront Why? Lottery winnings are considered Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

1xbet slot The chances of winning Powerball's grand prize are 1 in about 292 million More than $124 million immediately goes to the IRS Before seeing Before a penny from your lucky ticket reaches your account, the IRS will take 25% of your winnings as federal income tax withholdings That