Mega Millions lottery winnings: How much do you make after taxes?

how much does the irs take from lottery winnings
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How winnings are reported to the IRS: Form W-2G · $600 or more if the amount is at least 300 times the wager (the payer has the option to reduce the winnings by

Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%

how to cheat the lottery How much of a prize is taken out for taxes? The winnings are subject to federal income tax withholding The tax withholding

how to win big on slot machines The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from all payments of reportable Connecticut lottery winnings made