Powerball jackpot hits $900 million Here's the tax bill if you win

Powerball jackpot hits $900 million Here's the tax bill if you win tax calculator for lottery winnings
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tax calculator lottery Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act Surcharge and Cess: In addition to

taxes for lottery winnings Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no As per Section 194B of the Income Tax Act, any type of earning from reality TV shows, lotteries, competitions, card games, etc , falls under “