How are Lottery winnings taxed?

How are Lottery winnings taxed? if you win lottery how much is taxed
➡️【Mk.com】✅ऑनलाइन कैसीनो गेम खेलना✅। अपनी पहली जमा राशि पर 100% बोनस के साथ ब्लैकजैक, रूलेट, पोकर, तीन पत्ती, स्लॉट और बहुत कुछ खेलें। ✅  The prize is taxed if a person takes the annuity option − which is what the advertised jackpot figure represents − or the lump sum A 2018 USA if i win a lottery Prizes that are given in a competition or contest are not taxable gambling or lottery winnings if no advantage or inequality in amount or value is offered or

if i win a lottery If you win more than $5,000, you have to pay a 24 percent federal withholding tax However, depending on your annual earnings and tax deductions, you may get

if a lottery winner dies who gets the money The top federal tax rate is 37% for income over $500,000 The first thing that happens when you turn in that winning ticket is that the federal Lottery winnings are tax-free at the point of receiving them You could pay savings tax on interest earned or your estate could be subject to inheritance tax