Powerball lottery jackpot: Here's how much you get after taxes

lottery tax calculator texas
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Texas: No state tax on lottery prizes Your average net per year: $4,304,812 The state tax rates withheld by the lottery, as well as the final state

Texas - no state taxes for lottery prizes; Vermont - %; Virginia - %; Washington - no state taxes for lottery prizes; Washington, DC - However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the

outlaw waysfecta slot review To use the calculator, select your filing status and state The calculator will display the taxes owed and the net jackpot  If you win more than $5,000, you have to pay a 24 percent federal withholding tax However, depending on your annual earnings and tax deductions, you may get