If you hit the $220 million Powerball jackpot, this is your tax bill

If you hit the $220 million Powerball jackpot, this is your tax bill

If your New Year’s Day celebration ends up including a $220 million Powerball jackpot win, remember that Uncle Sam tends to be a party crasher.
After more than eight weeks with no jackpot winner, the lottery game’s top prize has climbed to $220 million for Wednesday night’s drawing. And while the odds are stacked against players hitting the big prize — your chance is about 1 in 292 million — the…

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