How much money will you get after taxes if you win the Powerball

do you get taxed on winning the lottery
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How much do I pay in taxes if I win 1,000,000? If your gross prize for lump sum payout is $1,000,000, you need to pay $334,072 in total tax ($240,000

The winning amount is tax free, however you will be charged when you put it in the bank or when inheritance tax is charged  Lottery Tax in Kerala · 30% tax on the winning amount · The amount of tax that person would have had to pay if his income did not include the

common interface slot 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 For example, if you purchase a $ ticket that has a prize of $5,, taxes would not be automatically withheld because the gross proceeds are less than