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If you win the powerball jackpot do you get money back from the taxed you payed on it.?

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You know how taxed get withheld if you win the jackpot do you get money back from those taxes.?

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  1. You can only do that by offsetting your losses for the year. So if you spent $400 on lottery tickets over a tax year (and you kept all of the reciepts) then you could offset that against any taxes paid on a $20k winning jackpot.

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