how much would you get if you win the lottery
You can win a billion and still go bankrupt
how much would you get if you win the lottery
website how much would you get if you win the lottery However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the how lottery payouts work If your amount is higher, you might have to pay almost 40% as inheritance tax Is Lotto winning tax free? The winning amount is tax
how much would you get if you win the lottery Still, you'll probably owe more when taxes are due, since the top federal tax rate is 37% So a good first step a lottery winner could take is However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the If you win and choose the lump sum, you'll take home $ million up front Next comes the 24% tax withholding, which means your cash value