Are Lottery Winnings in a Foreign Country Taxable in the US?
Are Lottery Winnings in a Foreign Country Taxable in the US?
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That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and
Prizes that are given in a competition or contest are not taxable gambling or lottery winnings if no advantage or inequality in amount or value is offered or In general, 24% of the amount is required to be withheld In some cases, a backup withholding of 24% is required instead If tax is withheld from your gambling
bodoland land lottery result Not all states tax for lottery winnings, Federal does though Federal is entitled to 28% under 500k Over 500k they can take up to like 38% For If you win more than $5,000, you have to pay a 24 percent federal withholding tax However, depending on your annual earnings and tax deductions, you may get
