does lottery money get taxed
What Is the Tax Rate for Lottery Winnings? - Money
does lottery money get taxed
website does lottery money get taxed Any income received as prize money from a lottery is taxed under the head 'Income from Other Sources' As per Section 115BB, when a taxpayer's does canada have lottery While some states impose taxes on lottery winnings, others do not This discrepancy can significantly impact the amount of money a lottery winner ultimately
does lottery money get taxed Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments For residents and resident aliens, percent in federal and state withholding taxes is deducted for every Lottery prize over $5,000 Current federal tax law Have you ever wondered about people who win money on game shows like Kaun Banega Crorepati, Bigg Boss, Indian Idol, etc , paying tax or not? Do
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