Mega Millions Jackpot Tax Calculator

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Pay your taxes Get your refund status Find IRS forms and answers to tax questions We help you understand and meet your federal tax responsibilities

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 Any winner who is not a citizen or resident of the United States will be subject to a federal tax withholding rate of 30% on prizes exceeding $600 or more

planning poker for jira A sole winner in Texas who took the cash option would take home $392,768,000 after paying $124,032,000 in federal taxes Fourteen states don't levy additional tax on lottery winnings Texas, Utah, Washington, and Wyoming If you bought a ticket in one