How much would the $ billion Powerball jackpot's tax bill be?

how much tax deducted from lottery winnings
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Are winnings taxed? The Tax Laws Act reintroduced WHT on winnings at the rate of 20% What are winnings ?

Federal Tax Withholding: The lottery is required to withhold 24% of your winnings for federal income tax purposes if you win more than $5,000  In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal

texas lottery scratch off tickets How do I calculate lottery lump sum after taxes? · Check how much the lump sum payout differs from the advertised lottery prize Tax must to be paid on lottery winnings Actually, the chances of winning much money are so low that it may not be worth playing at all · Tax must also be paid