How much will Mega Millions winner get after taxes? $ billion

website if you win lottery how much is taxed If your winnings are in the form of a car or jewellery or apartment or any moveable or immovable asset, then you have to pay the TDS of % to the government if you win lottery what to do The payer must provide you with a Form W-2G if you win: If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you

if you win lottery how much is taxed Lottery winnings are tax-free at the point of receiving them You could pay savings tax on interest earned or your estate could be subject to inheritance tax   If the winner takes the payout, as many do, the federal tax would cut the prize by around $149 million In an estimate from USA Mega, an  file their taxes at the end of the year, they could owe more or less than the actual amount withheld You may wish to consult a tax advisor if you have further

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