How much of the $ billion Powerball jackpot is left after taxes?

taxes taken out of lottery winnings
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Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The

Federal Tax Withholding: The lottery is required to withhold 24% of your winnings for federal income tax purposes if you win more than $5,000

taxes on lottery winnings calculator Yes All winnings from an out-of-state lottery are taxable for New Jersey gross income tax purposes, regardless of the amount

taxes on poker tournament winnings As per Section 115BB of The Income Tax Act, 1961, the government would levy tax on winnings from lotteries, crossword puzzles, races including