Are Lottery Winnings in a Foreign Country Taxable in the US?
Are Lottery Winnings in a Foreign Country Taxable in the US?
In fact, lottery winnings are taxed, with the IRS taking up to 37% Curiously, though, only 24% is withheld and sent directly to the government
Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax
the pick lottery arizona A winner does not have to be a citizen in order to claim a prize Federal tax rates are subject to change and there may be an additional tax liability How lottery prizes or winnings affect your taxes or potentially unemployment benefits, depends upon your individual financial situation Winning a lottery prize
