How much the Mega Millions lottery is after tax in MO and KS

how much tax do they take out of lottery winnings
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Right away, 24% of that cash value is withheld for federal taxes and goes to the IRS, TurboTax explains So in this scenario where just one

Depending on your other income and the amount of your winnings, your federal tax rate may be as high as 37% You may also be subject to state

how 2nd chance lottery works How winnings are reported to the IRS: Form W-2G · $600 or more if the amount is at least 300 times the wager (the payer has the option to reduce the winnings by

how many play postcode lottery in my street You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize