Tax on Winning Game Shows & Lotteries

The first winnings up to $ are tax-free, with winnings above that amount required to be reported on your upcoming tax return At the

These lotteries generate revenue for the government, and there are different rates of taxation based on the type of ticket purchased If you win

income tax on lottery winnings in india Others don't have a general income tax, but you'll still owe federal taxes A few states have specific rules on taxing lottery winnings: California: Does not

income from winning of lottery is taxable under Lottery expenditures dip sharply again at the absolute bottom of the income distribution, likely in part because money is tight enough to make