Mega Millions lottery winnings: How much do you make after taxes?

is the lottery taxed
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Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of

A single ticket in New Jersey won the $ billion Mega Millions jackpot Here is how much the winner will owe in taxes  The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes

2.12 23 kerala lottery result 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 Taxation · For awards derived from games that took place prior to 5 July 2018, the exempt amount is 2,500 euros · As of 5 July 2018, inclusive,