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

How much money will you get after taxes if you win the Mega taxes from lottery winnings 2 Federal Tax Withholding: The lottery is required to withhold 24% of your winnings for federal income tax purposes if you win more than $5,000 taxes from lottery winnings You may receive a Form W-2G, Certain Gambling Winnings and have federal income taxes withheld from your prize by the gambling establishment if

taxes from lottery winnings How are Lottery winnings taxed? All Lottery prizes, regardless of the amount, generally are considered as income by the state and federal government For

taxes on $2 million dollars lottery winnings The basic tax rate throughout India for lottery winnings is 30 percent The rate is specific for the taxation of lottery winnings The tax rate It's very important to pay the necessary taxes on lottery or prize money winnings in order to prevent fines and other legal repercussions Such