Everything You Need to Know About Filing Taxes on Winnings

website if u win the lottery how much is taxed pay federal taxes on your win • If Please remember to notify the Lottery's Tax Unit or Prize Payments Annuity Desk if you have changed your address if i win the lottery how much can i give to family If you don't pay taxes in any other country you will still owe taxes in india if you're an indian citizen How many tickets you purchased till

if u win the lottery how much is taxed You will have to pay a flat 30 per cent of the winning amount and there is no basic exemption limit So, if you have won Rs 1 crore in income  Whether you take the prize as an annuity spread out over three decades or as an immediate, reduced lump sum, 24 percent of your win is withheld  If you win more than $5,000, you have to pay a 24 percent federal withholding tax However, depending on your annual earnings and tax deductions, you may get

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