30% tax on lottery wins of over Rs 10K a year

how much tax is deducted from lottery winnings
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State Tax Commission, Appellate Tax Board, Docket No 64558, June 6, 1975 Therefore, Taxpayer Davis may not deduct the cost of the losing lottery tickets on

In the US, lottery winnings are considered taxable income, so winners a subjected to an up-front federal tax on their winnings And, depending (A winner must include gambling winnings in his or her federal gross income but may deduct gambling losses from his or her federal adjusted gross income if

bonus slot machine Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%  In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal