What is the Tax for Lottery Winnings Prize in Kerala? TDS

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What do federal taxes look like on a lump sum payment? The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted

The good news is there is no income tax on lottery winnings here in California California is one of the eight states that does not require Unlike in the United States, where lottery wins are taxed, European jackpots ^ $426 Million Lottery Ticket Sold in California!

f链接21}_flink_12_index Becker says most people opt for a lump sum payout, which in this case would be $ million before federal taxes California does not tax You'll also see more taxes are withheld if you select the lump sum cash payout Every state is required to withhold 25% in a federal lottery tax