How are Lottery Winnings Taxed?

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The top federal tax rate is 37% for income over $500,000 The first thing that happens when you turn in that winning ticket is that the federal

Lottery winnings in India are subject to a flat 30% tax rate This means that if you won 20 crore, you would have to pay 6 crore as tax, lottery's such as PowerBall and MegaMillions Only Arizona and Maryland require withholding on mulitstate lottery winnings Outside of that

karunya lottery result kr 637 Will I have to pay taxes on my prize? The Hoosier Lottery withholds 24 percent in federal tax if the winnings minus the wager are more than $5,000 and 28 percent will be withheld from your prize for taxes The customer has 60 days after ticket validation to determine the payment