How much $ Powerball winner takes home after taxes

how much taxes are taken out of lottery winnings
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Most states charge taxes on winnings, too, which range from % to % Eight states don't charge any income tax on lottery winnings

The same is true at the state level While lottery winnings are subject to state income tax in most states, withholding tax varies from zero ( Shareholders, partners, or members in pass-through entities receiving income from gambling or lottery activities are subject to personal income tax on their

every hand in poker Lottery winnings and losses ILLINOIS: No deduction for gambling losses tax on wins MAINE: Follows federal law as it pertains to gambling winnings  This includes winnings from the Wisconsin Lottery and out-of-state lotteries gambling session and the amount of money they brought out