The way Lottery Winnings are Taxed in India -

how much are you taxed on lottery winnings
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Although you don't have to pay taxes on your lottery winnings, there are a number of things to keep in mind once the money has been sent to you

While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding lottery winners paid millions in taxes, but the specifics might astonish you This video

poker fre So in total, the winner will pay 37% in federal taxes, said Missouri Lottery Lawyer Kurt Panouses, who specializes in helping lottery winners How much are lottery winnings taxed ? Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on