USA Mega

Idaho Powerball Jackpot Annuity Payout Schedule for Jan 11, 1995

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The tax information provided here is based on 2026 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $12,900,000 for a ticket purchased in Idaho, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Idaho

Drawing Date:Wed, Jan 11, 1995
Jackpot:$12,900,000
Federal Tax:37% marginal rate
State Tax: 5.3%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$230,008$50,059$12,190$167,759
2$239,209$53,003$12,678$173,528
3$248,777$56,065$13,185$179,527
4$258,728$59,324$13,713$185,691
5$269,077$62,946$14,261$191,870
6$279,840$66,713$14,832$198,295
7$291,034$70,631$15,425$204,978
8$302,675$74,706$16,042$211,928
9$314,782$78,943$16,683$219,156
10$327,374$83,350$17,351$226,673
11$340,468$87,933$18,045$234,490
12$354,087$92,700$18,767$242,621
13$368,251$97,657$19,517$251,076
14$382,981$102,812$20,298$259,870
15$398,300$108,174$21,110$269,016
16$414,232$113,750$21,954$278,527
17$430,801$119,550$22,832$288,419
18$448,033$125,581$23,746$298,707
19$465,955$131,853$24,696$309,406
20$484,593$138,377$25,683$320,533
21$503,976$145,161$26,711$332,105
22$524,136$152,217$27,779$344,140
23$545,101$159,555$28,890$356,656
24$566,905$167,186$30,046$369,673
25$589,581$175,123$31,248$383,211
26$613,164$183,377$32,498$397,290
27$637,691$191,961$33,798$411,932
28$663,199$201,341$35,150$426,708
29$689,727$211,156$36,556$442,015
30$717,316$221,364$38,018$457,934
Total$12,900,000$3,582,568$683,702$8,633,734

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.