30% tax on lottery wins of over Rs 10K a year
30% tax on lottery wins of over Rs 10K a year
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Lottery winnings are taxed for the year in which they are collected, allowing winners who choose annuities to spread out the tax bill If you win a house, boat,
With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after All must pay lottery tax of % with cess if the winning amount is above Rs 10000, regardless of their income, winnings, age,
thundering buffalo_ jackpot dash slot Lottery sales are already taxed yet they tax your winnings Same way some states make you pay annual property tax for property you were already Do you need to pay tax on lottery winnings? Good question If you're wondering if you have to pay tax on lottery winnings then guess what, you