How much will Mega Millions winner get after taxes? $ billion

How much will Mega Millions winner get after taxes? $ billion do you pay tax on a lottery win The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab do most lottery winners pick their own numbers Do I have to pay taxes on my winnings? Yes All prize winnings are subject to federal and state income tax withholding State tax of % is automatically

do most lottery winners pick their own numbers We do not tax California Lottery or Mega millions Visit Schedule CA Instruction 3s for more information How to report Federal return Report

do you pay income tax on lottery winnings You might be curious if lottery winnings are subject to taxation No, in a nutshell, but here's what you need to know  To ensure that you will not be subject to a penalty for failure to pay estimated tax, you should estimate your total income tax liability for the year to