Mega Millions After Taxes: How Much Will the Winner Get?

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Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home

Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30% Yes Gamblinglottery winnings are subject to Michigan individual income tax to the extent that they are included in your adjusted gross income The Michigan

dear lottery result 9.12 23 No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual  For non-resident aliens, current tax laws require that the Lottery withhold 30 percent in federal income taxes on all Lottery prizes and percent in