If I won a lottery of 20 crore, how much will I get after tax deduction

Taxes on Lottery Winnings by State 2024 how much tax is taken out of lottery winnings In addition, the Lottery is required to report to the IRS gambling winnings that are $600 or more, and how to pronounce slot However, if a winner's Connecticut Lottery winnings clearly exceed the high income thresholds (single or filing separately: $500,000; head of household:

how to purchase lottery tickets online Lottery winnings are considered ordinary taxable income for both federal and state tax purposes Winnings are taxed the same as wages or salaries are, and the