How much do you take home from $ billion Powerball in CA

how much tax is taken from lottery winnings
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The winnings are subject to a flat tax rate of 30% without any deductions The tax is usually deducted at

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 to share lottery winnings with family without paying taxes Kansas' 5% tax would deduct roughly $ million leaving them with around $ million And in Missouri, the lucky winner will have to let go

how to fill dv lottery form 2025 The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that