How much would the $ billion Powerball jackpot's tax bill be?

if you win lottery how much is taxed
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Lottery winnings are taxed at a flat 30% rate in the states where it is legal to play and can be added an extra percentage depending on the

TDS Rate: The TDS rate for lottery winnings is 30% us 194B of the winning amount For game show winnings, You cannot net the winnings and losses for tax years 2020 and prior Starting in 2021 if you elected to itemize deductions on your federal return (you did not

south carolina education lottery post The surcharge is 15 percent of the tax amount that you were already paying The surcharge is mainly for when you earn more money off of a In practice, there is a 24 percent federal withholding of the gross prize, plus the remaining tax, based on your filing status For example, if your gross prize