How much $ Powerball winner takes home after taxes

how much are lottery winnings taxed
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Congratulations! You're a lottery winner Now you're probably wondering, is my prize taxable? In Australia, lottery winnings are classified as tax-free

Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal

play all india lottery prizes) is taxable to Wisconsin This includes winnings from the Wisconsin Lottery and out-of-state lotteries See Individual Income Tax That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and