Lottery Winnings
Lottery Winnings
is lottery winnings considered income
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After adding the health and education cess of 4%, the effective tax rate becomes % The income is subject to a flat 30% tax rate,
Thus, Massachusetts taxpayers must include lottery winnings in Massachusetts gross income Massachusetts gross income is divided into two classes, Part A income
is playing poker a sin When a lottery prize is claimed by a group, family unit, club or other organization, the multiple winners will be required to file an Internal Revenue
is poker fun How much exactly depends on your tax bracket, which is based on your winnings and other sources of income, so the IRS withholds only 25% You'll