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

The federal tax on the lottery is determined by the federal marginal rates, which is 37 percent in the highest bracket In practice, there is a 24 percent

Your winnings are considered taxable and are added to your ordinary income when taxes are calculated If your earnings are big enough, they can

what does pocket mean in poker Federal lottery taxes Winning the lottery could push you into a higher tax bracket, and the highest bracket is 37% if you make over $518,400 in

what happens if i win the lottery Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,