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

how is the lottery taxed
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For prizes over $5,000, the Lottery is required to withhold 25% for federal taxes, and 8% for state income taxes For Video Lottery℠ Platinum Series

Winnings are taxed the same as wages or salaries are, and the total amount the winner receives must be reported on their tax return each year Before the winner Winning lottery does not invite taxes in UK directly however once the amount is submitted in bank as savings account, Income Tax is charged

kerala lottery result ss368 Lottery and Gambling Winnings · 5% for Lottery payouts between $10,001 and $500,000; · 8% for Lottery payouts over $500,000; and · 8% for In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal