How much money will you get after taxes if you win the Powerball

Gambling Winnings Are Taxable Income On Your Tax Return how much does irs take from lottery winnings Prize money is considered any money received from awards, raffles, lottery winnings, and any other type of contest Generally, the IRS taxes prize money as how to pkay poker The IRS requires 24% of gambling winnings to be withheld upon distribution of the winnings The dollar threshold amount triggering this

how to set up a blind trust for lottery winnings Even if the full jackpot amount was taxed, the money the IRS will receive would be about $ million based on the 37% income tax rate As of