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The IRS automatically withholds 30% of net lottery winnings in the US The rate at which the net winnings are ultimately taxed though depends on

Best lottery tax calculator to calculate your net winnings after federal and state taxes are deducted Know how much you'll take home before claiming your Use the Powerball calculator to see how much money you would receive after winning a Powerball jackpot

lucky joker 10 cash spins slot Is the tax rate different for different lotteries? No All gambling winnings are treated equally This means if you win Mega Millions, Powerball or a state Prize money = taxable income: Lottery winnings are taxed like income, and the IRS taxes the top income bracket % The government will