$ billion Mega Millions: How is the lottery taxed in CA?

What Taxes Are Due on Gambling Winnings? how do taxes work on lottery winnings Thus no TDS applies to winnings below Rs 10,000 Kerala state itself does not impose an additional tax on lottery how many numbers do you need to win the lottery Your winnings are considered taxable and are added to your ordinary income when taxes are calculated If your earnings are big enough, they can

how the lottery changed my life The taxes owed on the winnings are calculated based on the entire amount of the prize money, and the winner must pay those taxes upfront