Here's the tax bill for the winning $ Mega Millions ticket

One way to avoid taxes on lottery winnings is to donate the money to charity Charitable donations are tax-deductible, which means that you can

In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal

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

federal tax on lottery winnings The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega