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

how much do they take out of lottery winnings
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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 —

After calculating your net winnings, the first thing the IRS will do is take 25 percent of your prize money for taxes This 25 percent is So if the Oregon Powerball winner does select the cash option, $ million of Saturday's estimated prize would be withheld, dropping it to

uk free lottery weekly they will not accept checks or debit cards for the purchase of lottery tickets How many people can go together to claim a winning lottery prize? A: There Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments