Mega Millions lottery winnings: How much do you make after taxes?

lottery tax rate
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While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding

In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal

lottery sambad morning dear shall attract a TDS rate of 30%, irrespective of the income tax bracket of the winner Moreover, the winnings cannot be clubbed with the regular

lottery 2025 GST@12% is levied on lottery run by state government and GST@28% is levied on lottery authorized by state government These rates were adopted