How Taxes on Lottery Winnings Work

how much tax is paid on lottery winnings
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However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30% tax on lottery

The Internal Revenue Service imposes a federal tax rate of 24%, and California's state income tax, with rates ranging from 1% to %,

how to play poker with dice When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal

how do you win at slot machines However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30% tax on lottery