How are Lottery Winnings Taxed?

How are Lottery Winnings Taxed? do they tax lottery winnings Kerala state itself does not impose an additional tax on lottery winnings; the central government's income tax is the primary tax on such download free poker The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a

download free poker All gambling winnings are taxable including, but not limited to, winnings from: Lotteries; Raffles; Horse races; Casinos

does loves sell lottery tickets Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37% Lottery winnings also count as income, so by winning the jackpot, the ticketholder has been pushed into the 37% tax bracket for those with