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

The IRS gets $187,992,000 of that right away, since the tax law require 24% federal income tax withholding that is sent directly to the IRS

Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries,

is there a way to predict lottery numbers We have carried the legacy of this dispute to the GST regime, with the Government introducing a tax on sale of lottery tickets after the 17th

is ignition poker legal in australia While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding