How are Lottery Winnings Taxed?

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The prize money will be considered as separate from your income, and your regular income will be taxable as per your income tax rate slab You do not get any

Thus no TDS applies to winnings below Rs 10,000 Kerala state itself does not impose an additional tax on lottery According to federal and state laws, if you provide a social security number the Lottery withholds 28 percent from your prize winnings (24 percent federal; 4

催情按摩 The governing lottery body withholds 24% of the prize automatically, leaving the balance to be paid by the winner, according to Lottery USA If Yet like most things, even that lower cash figure gets whittled down by the IRS In fact, lottery winnings are taxed, with the IRS taking up to