how much does lottery tax
Won a lottery or prize money in India? Here's what you need to know
how much does lottery tax
how much does lottery tax
➡️【Mk.com】✅Play hundreds of ✅classic casino slots and live table games ✅ online, including blackjack and roulette. Join ➡️【Mk.com】 Casino and receive your exclusive ✅ Let's say that you won Rs 20 crore in a lottery event You would first have to pay a 30 percent tax on that total The tax would be Rs 6 how many chips do you start with in poker The governing lottery body withholds 24% of the prize automatically, leaving the balance to be paid by the winner, according to Lottery USA If
how much does lottery tax Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket, 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 You'll also likely find yourself in the top federal tax bracket of 37% (remember, these rates are progressive, so you won't actually lose 37% of
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