While an automatic 24% is withheld upfront, you would almost certainly owe a total of 37% when you file your 2024 tax return.
It now sits at an estimated $1.15 billion, with a cash option of $516.1 million, making it the fifth-largest Mega Millions ...
The winning numbers for the December 28 drawing were 6, 31, 51, 54, 55, with a Powerball of 12.
The Mega Millions announced on Friday that the jackpot has now increased to $1.22 billion based on increased sales. It's the ...
not every state would offer the same payout. Mega Millions jackpots, as well as any large lottery prize, are subject to taxes. Your local lottery has to withhold 24% in federal taxes in addition ...