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does the lottery get taxed

Won a lottery or prize money in India? Here's what you need to know

does the lottery get taxed

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does the lottery get taxed

website does the lottery get taxed With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after does dollar general sell lottery tickets In the United States, the taxation of lottery winnings varies from state to state While some states impose taxes on lottery winnings, others do not

does the lottery get taxed This indicates that earnings from awards and prizes would still be subject to a % tax rate even if the person's income falls under the 20%  In the US, lottery winnings are considered taxable income, so winners a subjected to an up-front federal tax on their winnings And, depending  How much tax does the IRS take from lottery winnings? The IRS automatically withholds 30% of net lottery winnings in the US The rate at which

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