Powerball Jackpot Vaults Past $1 Billion—Here's What The Winner

How much money will you get after taxes if you win the Mega taxes on $1 million dollars lottery winnings Right off the bat, one must consider that the federal government taxes lottery winnings at 24 percent, knocking the cash prize down to a mere ( taxes on lottery winnings in florida In the US, you pay taxes on lottery winnings at the same rate as if you had earned it If you win $1 million, you usually have a choice to

taxes taken out of lottery winnings The payer will deduct 24% from your winnings on the spot if you win above a certain amount · You'll report your winnings and your tax payments when you file