Powerball’s jackpot is now $296 million. Here’s the tax bill if you win

Powerball’s jackpot is now $296 million. Here’s the tax bill if you win

If you hit the $296 million Powerball jackpot in Wednesday night’s drawing, remember that good ol’ Uncle Sam will be celebrating alongside you.
The top prize has been climbing for more than two months through twice-weekly drawings with no one matching all six numbers. And while the odds are stacked against snagging the jackpot — your chance is about 1 in 302 million — the IRS always gets a piece…

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