Powerball lottery jackpot: Here's how much you get after taxes

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A mandatory federal tax withholding of 24% will be applied to the lump sum, leaving the winner with $ million Depending on the winner's

We've crafted this tool so that you can compute how much tax you have to pay after winning the lottery Find out and compare the total payout you would receive All winnings over $5,000 are subject to tax withholding by lottery agencies at the rate of 24% This potentially leaves a gap between the

princess margaret hospital lottery tax rate of zero on the investment Tax Band 3: Any prize above $5,000 is subject to a tax rate of % for non-residents Texas lotteries