How much taxes take from the $ billion Powerball prize

How much money will you get after taxes if you win the Mega taxes on $1 million dollars lottery winnings However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the taxes on 1 million dollars lottery winnings Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you

taxes on lottery winnings in florida Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax