What You Need To Know About Lottery Taxes

Jordan Mendoza, Winner of Record $ Billion Powerball Wood, $ Billion Powerball Winner Takes Home $628 Million after Taxes, Forbes (Nov

How much are lottery winnings taxed ? Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on

how to book passport slot If you win over $5,000 from a Powerball or Mega Millions jackpot, or any lottery game, state lotteries are required to withhold 24% in federal

how much can you win in the lottery First of all, you won't ever see the full $355 million Off the top, the lottery withholds 25 percent for federal taxes, and then another 6 or 7