Mega Millions calculator: Here's how much you'd win after taxes

lottery winnings calculator after taxes
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Calculate Powerball taxes in your state to see how much the lottery is worth after taxes with a lump sum payment or the annuity option

If you win the minimum $20 million jackpot and choose the lump sum payout, the Federal government withholds 24% from your winnings automatically  Tickets for the Pennsylvania Lottery purchased during tax years beginning on or after Jan 1, 2016 may be deducted from winnings received during the same tax

shark slot machine game Generally, gambling winnings are subject to a 24% federal withholding tax, which is automatically deducted from winnings that reach a specific The lottery calculator below will help you estimate the amount of tax that may be withheld on lump-sum lottery winnings Enter the amount won