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

how much does the irs take from lottery winnings
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How much tax does the IRS take from lottery winnings? The IRS automatically withholds 30% of net lottery winnings in the US The rate at which

The federal government withholds 24% of your winnings immediately You may owe additional federal taxes depending on your overall tax bracket Each state also Still, this is lower than the previous rate of percent, thanks to the tax law changes of 2017 (Note that the IRS will take 24 percent off the top and the

joker''s jewels slot review Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax Income earned from lottery, game shows, and online games are taxable at a special rate of 30%, with TDS deducted before winnings are given