What is Tax on Kerala Lottery Prize Money?

how much tax is paid on lottery winnings
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For winnings over $5,000, the payor must withhold a minimum of 28% for federal withholdings and up to 15% for state withholdings You will pay

Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or

how to check lottery tickets online 30% of lottery winnings are subject to income tax Surcharge equals 15% of the income taxes paid if the amount is greater than one billion, one

how to buy powerball lottery tickets online Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The