How Taxes on Lottery Winnings Work

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Some states have income tax and will tax a portion of your winnings Others don't have a general income tax, but you'll still owe federal taxes A few states

If you decide to give some of your winnings to a friend or family member then they will have to pay Gift Tax on that amount, although there are tax-free limits

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lottery sambad 31_10_23 This will include any income from lottery, gift , bank interest etc How to Calculate Income Tax of a salaried employee? The