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

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

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taxes Fort Wayne School City , Ind Aaa A 284 Trust fund investment laws Ga Aaa 1083 Fort Worth , Texas Aaa Floyd County , Ind Aaa 1133

gambling organised via telecommunications — income from the organisation of the game Tax rates Lottery tax rates for lotteries and instant lotteries amount to If you win $5,000 or more, the lottery will withhold around 24% of your winnings for federal taxes Note that for state taxes, you know that the

high roller slot Lottery winnings are not taxed twice Under both the federal and state tax system, they are considered ordinary taxable income You pay tax on your winnings Florida - no state taxes for lottery prizes; Georgia - %; Idaho - %; Illinois - %; Indiana - %; Iowa - %; Kansas

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