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Next Mega Millions Drawing
06/04$560,000,000Estimated jackpotWinning numbersMega MillionsYesterday- 04
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Drawing days Tuesday & Friday at 11pm ET / 8pm PTwww.megamillions.comResults from the Go Local Guru Content Network
Mega Millions tax calculator. To use it, enter the amount of your Mega Millions winnings, your tax filing status and state of residence. Mega Millions Payout Calculator
All lottery winnings are subject to Federal taxation (automatically reported to the Internal Revenue Service if the win is at least $600); many smaller jurisdictions also levy taxes. The IRS requires a minimum withholding of 24% of the prize (minus the wager) of any gambling win in excess of $5,000. However, the net for a major prize often is ...
COMMACK, NY — The Mega Millions jackpot soared to a possible record-breaking $1.55 billion after no one won Friday's top prize of $1.35 billion. While no big winner came from Friday's drawing, a ...
Mega Millions winnings are exempt from state income tax in California, while Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming do not have an income tax. Some residents of New York City and Yonkers, New York, pay three levels of income tax, as these cities levy income taxes. Drawings
NEW YORK — A New York lottery player won the $126 million jackpot in Tuesday's Mega Millions drawing, according to lottery officials. The cash value of the jackpot is $85,848,424 before taxes.
NEW YORK — Lottery fever is gripping residents of New York as Powerball and Mega Millions jackpots total nearly $2 billion in drawings to be held Tuesday and Wednesday, respectively. The ...
California does not tax California Lottery winnings, however it taxes lottery winnings from other jurisdictions. For SuperLotto Plus and Mega Millions jackpots, the player may choose a single cash payout for a floating percentage of the jackpot, or an annuity. The SuperLotto Plus, Mega Millions, and Powerball payment schedule are on a graduated ...
State and federal taxes can take out a big chunk of a lottery jackpot win. Longing for the $1.1B Mega Millions jackpot? What taxes would cost a Pennsylvania winner
Lottery winnings are taxed like income, and the IRS taxes the top income bracket 39.6%. The government will withhold 25% of that before the money ever gets to the winner.
1. New York State tax: 10.9% ANNUITYSubtotal after federal taxes: $8,437,045 State taxes: $1,453,333 Annual payments: $6,983,712 Total net payout: $209,511,360 CASHSubtotal after federal...
