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

tax returns , lottery winnings , and inheritances In California , the Texas Department of Criminal Justice 8 New Directions from the Field

The Texas Lottery says on its website that it must report pay outs over $600 if the winnings are 300 times more than the wager, or prizes over

tax lottery calculator You'll also likely find yourself in the top federal tax bracket of 37% (remember, these rates are progressive, so you won't actually lose 37% of

taxes on lottery winnings in texas Lottery winnings are considered taxable income for federal tax purposes and your winnings are taxed the same as your wages or salary Most prize winners pay a