how much would you get if you win the lottery
How much money will you get after taxes if you win the Powerball
how much would you get if you win the lottery
website how much would you get if you win the lottery Still, you'll probably owe more when taxes are due, since the top federal tax rate is 37% So a good first step a lottery winner could take is how many numbers are on a lottery ticket Most states charge a tax on lottery winnings The amount initially withheld and how the winnings get taxed depends on your state's tax rate
how much would you get if you win the lottery If you take the smaller one-time Powerball cash payout with a 24% federal tax and a 4% state tax in Ohio, you could only take home around $360 However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the With the cash option in the Mega Millions jackpot, the winner would get a cash payout of $ million, or $ million after federal taxes
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