Are Lottery Winnings in a Foreign Country Taxable in the US?
Are Lottery Winnings in a Foreign Country Taxable in the US?
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Gambling income includes but isn't limited to winnings from lotteries, raffles, horse races, and casinos Refer to Publication 519, Tax Guide for Aliens
That's because lottery winnings are generally taxed as ordinary income at the federal and state levels In fact Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax
jogo poker gratis The top tax bracket for the highest earners in this country — which is where winning the lottery would bump the winner — has a 37 percent tax Non-US residents who win a lottery prize exceeding $ will have their winnings withheld at a 30%-% rate In addition, state income tax will also be