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

State of NJ - Division of Taxation what percentage of taxes are taken out of lottery winnings If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding what does lottery scanner say when you win jackpot The tax is usually deducted at source by the lottery distributor before you receive the payout 2 Can lottery winnings be legally shared

what is lottery up to And in all likelihood, at least one state is going to win big twice That's because lottery winnings are generally taxed as ordinary income at