is the lottery taxed
How much do you pay in Pennsylvania taxes on lottery wins?
is the lottery taxed
website is the lottery taxed tax is withheld from the prize Note: If two or more claimants share in the taxation of the lottery prize, the Wisconsin Lottery will issue each is online poker illegal Such gains are subject to taxation under the Income from Other Sources heading Taxes that are due must be paid, or else fines and legal
is the lottery taxed The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab
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