Here's what the $1 billion Powerball winner could owe in taxes

Here's what the $1 billion Powerball winner could owe in taxes powerball jackpot after taxes So, when you take the cash option, you will end up with $374,954,812 after federal taxes Now it is the state's turn State tax rates on lottery powerball numbers july 1 2024 A winner in New York, though, might receive as little as $ million after taxes if they choose to get a lump sum, according to Forbes The

powerball numbers july 1 2024 Use the Powerball calculator to see how much money you would receive after winning a Powerball jackpot

powerball 1461 results tax code The bottom line: To maximize the overall value of your winnings, most financial experts advise taking the lump sum Even after taxes The federal government will take 24% off the top of lump sum winnings from the Mega Millions jackpot Then it is the state's turn