Here's the tax bill for the winning $ Mega Millions ticket

Before the winner receives any of the money, however, the IRS automatically takes 24% of the winnings The rest of the winnings are expected to be paid by the

When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal

federal lottery “The IRS is required to withhold 24% from the winnings, but that doesn't mean whoever wins and chooses the lump sum option is done paying taxes,

federal tax on lottery winnings Further, dividends and capital gains would probably be taxed at a federal rate of roughly 24 percent (The sum of the top capital gains and