How much $ Mega Millions winner takes home after taxes

Income Tax on Awards & Prizes how much do they tax lottery winnings Your winnings end up being included in your taxable income, which is used to calculate the tax you owe But before you report your prize and how to play poker cards In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal

how to calculate taxes on $5000 lottery winnings How winnings are reported to the IRS: Form W-2G · $600 or more if the amount is at least 300 times the wager (the payer has the option to reduce the winnings by