Mega Millions lottery winnings: How much do you make after taxes?

how much are you taxed on lottery winnings
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Tax on winning the lottery, puzzle, card games, betting, & horse races is % The winner can't claim deductions or expenses on such

Amount of the winnings each individual person or entity received from the lottery prize To understand and protect your legal rights, you should

how many decks to play poker While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding

how are poker hands ranked Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax