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

how much tax is on lottery winnings
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The withholding or deposit percentage on account will be 20% The withholdings will be deposited using form 230 and will be included on the

Calculate how much tax you need to pay, what income is taxable, and lottery winnings and other prizes; some government grants and payments; child

how much to play the lottery Before getting your winnings, you'd have to pay a 24% federal tax withholding, which the IRS requires for winnings over $5,000, CNBC explains

how to win the lottery every time Like all other taxable income, the IRS requires you to report prizes and winnings on your tax return, too That means you might have to pay