Powerball jackpot soars to $550 million. Here’s how much the winner would owe in taxes

Retrieved on: 2021-01-10 13:49:16

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Powerball jackpot soars to $550 million. Here’s how much the winner would owe in taxes. View article details on hiswai:

Excerpt

Whether you take the windfall as a lump sum or an annuity, a big chunk would go to the IRS before the money even reaches your account.

Article found on: www.cnbc.com