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

how is lottery winnings taxed
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Your winnings are considered taxable and are added to your ordinary income when taxes are calculated If your earnings are big enough, they can

How it works: Ohio lottery winnings over $600 are taxed as income If I won today's $550 million jackpot, I'd pay 24% in federal taxes, plus 4%

how to win playing video poker The federal government treats the lottery winnings as income On prizes over $5,000, the Oregon Lottery withholds at least 24% for federal taxes

how long are lottery tickets valid That's because when anyone wins the lottery, the IRS withholds 24% of the winnings off the top With a large jackpot, if the winner opted for the lump sum cash