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

The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega

Are gamblinglottery winnings subject to Michigan individual income tax? · Residents: report the amount of wagering losses you deducted on Form 1040

what letter is the slot receiver A health and education cess at 4% of the total tax is imposed in addition to the introductory rate of 30% Consequently, % is the effective tax on lottery

what is a kicker in poker Taxes on Poker Winnings will be taxable at 30% the highest tax bracket Q- Can income tax deducted from lottery winnings be claimed as a refund?