How much $1B Powerball winner takes home after taxes
How much $1B Powerball winner takes home after taxes
Winnings are taxed the same as wages or salaries are, and the total amount the winner receives must be reported on their tax return each year Before the winner
How Should I Handle Requests for Donations? Many winners have shared their winnings with their favorite charities You may receive requests for donations from How much tax does the IRS take from lottery winnings? The IRS automatically withholds 30% of net lottery winnings in the US The rate at which
堀北 In fact, lottery winnings are taxed, with the IRS taking up to 37% Curiously, though, only 24% is withheld and sent directly to the government The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a
