How much $ Mega Millions winner takes home after taxes

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With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after

If you discuss the dreams and opportunities that come with winning the lottery out you're going to have to pay half of it in taxes It income tax treatment of lottery prizes This guidance applies specifically The lottery prize payment is gambling winnings taxed as ordinary income

free slot games for iphone 5 That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire,