How much money will you get after taxes if you win the Mega

what is the tax rate for lottery winnings
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Personal Income Tax Prizes received by Massachusetts residents from the Massachusetts lottery or from lotteries rate of five percent plus surcharge

Key Takeaways · You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes

what does the black box represent in the lottery So, when you take the cash option, you will end up with $374,954,812 after federal taxes Now it is the state's turn State tax rates on lottery

what time do lottery machines open California, unlike some other states, does not levy income tax on lottery tickets purchased within its borders However, this doesn't mean the