Publication 140-W - FAQS: New York State Lottery Winners -
Publication 140-W - FAQS: New York State Lottery Winners -
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What precautions should I take to avoid issues while filing my ITR? To avoid issues in filing your return and getting your refund, ensure you do the following:
Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket, What if I'm sharing my prize with another person or a group? Only one person may claim a prize, but you may choose to divide the tax liability if you are
lottery dear lottery result Still you would be deemed resident and have to pay tax in India i come back i will have to pay Indian taxes I am going to create a Taxation is imposed upon all income sources You may think that lottery winning would not be considered as an income source, but it is counted