Won a lottery or prize money in India? Here's what you need to know
Won a lottery or prize money in India? Here's what you need to know
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US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government
You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize The Lottery Department shall withhold Virginia income tax at the rate of % on the proceeds from any lottery prize in excess of $5,000 The tax shall be
video poker online casino bigwin.casino Answer: Lottery payments are subject to tax as ordinary income While there is little you can do to avoid this income tax, there are steps you can take to The 2024 federal tax brackets place the Mega Millions jackpot winnings at a 37% tax rate, whether the winner opts for the lump sum or not That's because the 37