How much do you get from Powerball after taxes?

how much does the irs take from lottery winnings
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How much will the lottery winner pay in taxes? The IRS views lottery winnings as ordinary income The top tax bracket for the highest earners

According to an explanation sheet on the IRS website, the federal income tax on gambling winnings is 25 percent But the tax headache doesn't

how much are poker chips Regardless of which option the player takes, the IRS takes a minimum 24% federal withholding tax upfront on lottery winnings That's a big chunk

how to set up poker chips Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,