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

A sole winner in Texas who took the cash option would take home about $ million after paying 24% in federal taxes There is

Mega Millions lottery winnings: How much do you make after taxes? Lottery winnings are also subject to taxes in several states, from as low as % in Arizona to as high as % in New York ($

A sole winner in Texas who took the cash option would take home about $ million after paying 24% in federal taxes There is

taxes on lottery winnings ohio Example 1: An individual buys a Wisconsin Lottery ticket for $1 The ticket is a winner of a $500 cash prize The individual provides their

Group winners of Scratchers, Fantasy 5, Daily 3, Daily 4, Daily Derby, Hot Spot, SuperLotto Plus, Mega Millions, or Powerball prizes of $1 million or more must

tax rate on lottery winnings Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

So, when you take the cash option, you will end up with $446,014,045 after federal taxes Now it is the state's turn State tax rates on lottery