Shhhh! If you win the Mega Millions jackpot, be quiet Then, do this

do you pay taxes twice on lottery winnings   Dan does lottery money get taxed

That's because lottery winnings are generally taxed as ordinary income at both the federal and state level In

Does Srishti have to pay any tax in India, and must she file an income tax return? Whether your income will be taxed in India or not depends upon your The IRS charges a flat rate of 24% on all lottery winnings over $5,000 For example, if you won $1 million, you would pay around $240,000 in

how do i play the lottery online If you take the lump sum, you pay a tax then, and only once If you take the annuity, then you get taxed on each payment After it's taxed, it's However, the IRS will scrutinize shared lottery arrangements and assert gift taxes when such arrangements do not pass muster Tonda Lynn and her relatives found