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I just won 50 000 dollars lottery prize in pennsylvannia how much do I get after taxes is taken out?

7 Answers

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  • 2 months ago

    One sure thing - Not enough!

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  • Mystic
    Lv 5
    2 months ago

    Super easy - claim your prize. Then, you can find out how much you're taking home. Congrats!

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  • Jay P
    Lv 7
    2 months ago

    Claim your prize and then you can come back and answer your own question.

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  • Anonymous
    2 months ago

    $1.32.  The taxes on lottery winnings in PA are a killer.

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  • 2 months ago

    This means that before paying the prize, the Lottery will withhold 24 percent in federal taxes (rate applied to prizes paid on or after Feb. 7, 2018) and 3.07 percent in state taxes. These rates were current at the time of publication and are subject to change.

    so you'll get back about $36500 after taxes,

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  • zeno
    Lv 7
    2 months ago

    About $25000. Depending on your regular

    Income. The higher it is the less you get

    To keep. The less it is the more you get

    To keep. If you only make $25000 then

    You may get to keep all of it.

    • Mystic
      Lv 5
      2 months agoReport

      You do not get to keep ALL lottery winnings. There are indeed taxes that are taken out (go figure!). It can vary by state. Just as some states allow you to remain anonymous and others make you reveal yourself publicly. I do not agree with making someone publicly admit to winning.

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  • 2 months ago

    They probably withhold 20-25%. When you file your taxes next year it will be adjusted based on your total income and exemptions.

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