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

taxes on lottery winnings texas
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tax lottery winnings Residents of states that don't have personal income taxes — Texas, Florida, Alaska, Tennessee, Texas, South Dakota

However, lottery winnings in Texas are still subject to Federal taxes of 24% Then, you will need to add the win to your personal income

taxes on lottery winnings canada A sole winner in Texas who took the cash option would take home $392,768,000 after paying $124,032,000 in federal taxes

taxes on 1 million lottery Texas is another state that won't tax your Powerball lottery winnings However, the state's sales tax rate of % is a bit high compared to