Mega Millions and Powerball jackpots soar to new heights Here's

when you win the lottery how much goes to taxes
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With the cash option in the Mega Millions jackpot, the winner would get a cash payout of $ million, or $ million after federal taxes

And for a large prize like the Mega Millions, that lump sum will also catapult you into the highest income tax bracket, so you'll pay the top

when can you buy a lottery ticket As previously mentioned, you have to pay federal income tax on lottery winnings Right off the bat, lottery winnings over $5,000 are subject to

when is the next powerball lottery Withholding Rate from Gambling Winnings New Jersey Income Tax is withheld at an amount equal to three percent of the payout for both New