Will Hi if I win a 100.000 in the federal taxes take out 24.000 do I get any of that back at tax time???

[Mike9241 · Accepted solution]

the $100K is income. The $24K is an estimated payment of taxes owed on that $100K. when you file your return 

including these amounts, your taxes will be calculated and the $24K will be applied to your tax liability, so if your tax liability net of other payments and credits is $0, you get the full amount back if not the balance owed will be taken out and you'll only get back the difference.