How much tax has to be paid on lottery or game show prize money?
How much tax has to be paid on lottery or game show prize money?
how much do you pay in taxes on lottery winnings
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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
The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from all payments of reportable Connecticut lottery winnings made
how long are lottery tickets valid You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize
how to win the lottery book As per Section 194B of The Income-tax Act, 1961, if the prize money exceeds ₹10,000, then the winner will get the prize money after the