Taxes on Lottery Winnings for US Expats & Nonresident Aliens

american lottery tax
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Question: My husband and I recently won the grand prize from my State's lottery Can you provide some guidance on how we will be taxed on our lotto winnings

Lottery winnings are taxed for the year in which they are collected, allowing winners who choose annuities to spread out the tax bill If you win a house, boat, The benefit of the basic exemption limit and income tax slab rate is also not applicable to this income The entire amount received will be

result kl sky lottery kerala jackpot If you win the jackpot you will be subject to the top federal tax rate of 37 percent Players who are not citizens are subject to an initial federal tax If you win a prize of more than $5,000, there will be an initial 24 percent withholding for federal tax If you win the jackpot you are highly likely to move