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

One way to avoid taxes on lottery winnings is to donate the money to charity Charitable donations are tax-deductible, which means that you can

A federal Form W-2G, Certain Gambling Winnings, will be issued to you reporting the total prize payment In addition, Form W-2G will also show the amount, if

federal tax rate on lottery winnings There will be federal taxes The rate on federal withholding is based on the winner's resident status So you've won a life-changing sum of

federal tax lottery winnings Under Act 84 of 2016, the Pennsylvania personal income tax of percent now applies to Pennsylvania Lottery cash prizes paid after January 1, 2016