Lottery Tax Calculator

Powerball and taxes: What you have to pay if you win the $935 million if you win a million dollar lottery how much is taxed Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home if i win the lottery what should i do Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or

if you win the lottery how much is taxed uk The IRS will take 24% of your payout up-front and get the rest on your April tax filing If your prize puts you in the top tax bracket they'll