How the Lottery Works and How Much You'd Keep If You Won

1 million lottery win 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

So, after taxes, a winner , could get about $ million in a lump sum payout, according to USA Mega The

1 4 24 lottery result 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%

13 billion lottery winner Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,