Map: How much of the $607M Mega Millions jackpot would a winner

The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes

That's because when anyone wins the lottery, the IRS withholds 24% of the winnings off the top With a large jackpot, if the winner opted for the lump sum cash

how much taxes on 250 000 lottery winnings How Much Do Lottery Winners Pay in Taxes? Unveiled! Are you curious about the tax

how much tax on lottery winnings in canada Taxes take a big bite out of your winnings According to the USA Mega analysis, the annuity would pay out $ million after federal income