Mega Millions lottery winnings: How much do you make after taxes?

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At the end of it all, if winners go with something like the cash option, they'll be handing over about $88 million to the IRS Still, $88

Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home How much is the prize of Powerball after taxes? Powerball lump sum vs For example, if the Powerball jackpot is at $100 million, the cash value would be around

vermont online poker Jordan Mendoza, Winner of Record $ Billion Powerball Wood, $ Billion Powerball Winner Takes Home $628 Million after Taxes, Forbes (Nov  The IRS charges a flat rate of 24% on all lottery winnings over $5,000 For example, if you won $1 million, you would pay around $240,000 in