Important Options to Consider if you Win the Lottery

Lottery Winnings: How much tax? How much can I give to family? if you win the lottery is it tax free Not all states tax lottery winnings Of course, they are tax free in those states that don't have any income taxes at all: Texas, Florida, South if i win the lottery how much goes to taxes Again, gifted lottery winnings themselves are not taxable But if you use the amount to generate income, some forms of taxes will apply Capital gains from it

if i win lottery there will be signs So if a person is a resident of India, the amount of lottery, winnings shall be taxed under Income From Other Sources in India even if it