Tax On Winning Lottery, Game Shows & Online Gaming in India
pay you certain kinds of income must file an information return with the IRS The information re- turn shows how much you were paid during
How much do lottery winners pay in taxes? how much tax do you have to pay on lottery winnings
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Whoever wins a Mega Millions jackpot will still take home a good chunk of change, but they can say goodbye to at least 24% of their winnings right away
how to check winning lottery tickets While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding