Powerball Jackpot Winner Will Get a Hefty Tax Bill

what is the federal tax on lottery winnings
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The winner—or winners—will owe 24% to the IRS in federal taxes, and then additional taxes when they file (winning that much money will put you

That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and

what''s the difference between poker and texas hold em The federal government withholds 24% of your winnings immediately You may owe additional federal taxes depending on your overall tax bracket Each state also

what does m2 slot look like So when the winner next files their taxes, they'll likely have to give the IRS another 13% of that prize In most states, the tax is taken