What is the tax rate on the $1 billion Powerball jackpot?

lottery tax in usa
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Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,

New Yorkers, for example, could see their winnings taxed at up to % or more, depending on where in the state they live Only a few states —

lottery online scratch cards If the winner takes the payout, as many do, the federal tax would cut the prize by around $149 million In an estimate from USA Mega, an

lottery sambad 1811 23 Shareholders, partners, or members in pass-through entities receiving income from gambling or lottery activities are subject to personal income tax on their