Powerball Jackpot Winner Will Get a Hefty Tax Bill

powerball jackpot after taxes   Dan powerball results 05 july

The cash option — $ million for Mega Millions, $ million for Powerball — signifies the amount of money game officials have determined

However, after taxes, that sum drops to $525 million, according to a spokesperson for the South Carolina Education Lottery Those taxes include The lottery automatically withholds 24% of the jackpot payment for federal taxes When you file your next return after winning, you will be responsible for the

crossslot The future tax bill that a lottery winner will see has often garnered attention since the total take-home amount will be far smaller after taxes Powerball jackpot sits at $ billion, the largest lottery jackpot After 40 consecutive drawings, there's been no winner for the Powerball