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

website lottery taxes federal Pennsylvania withholding is required on such prize payments whenever tax is required to be withheld for federal income tax purposes The tax is required to lottery result 15 1 24 How much are lottery winnings taxed ? Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on

lottery taxes federal What are the lump sum lottery winnings after taxes? The federal tax on the lottery is determined by the federal marginal rates, which is 37 percent in the  Immediately, 24% of the cash value is withheld for federal taxes It doesn't stop there — winning this jackpot would put the winner in the  The IRS automatically withholds 30% of net lottery winnings in the US The rate at which the net winnings are ultimately taxed though depends on

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