How much tax has to be paid on lottery or game show prize money?

how much taxes are taken from lottery winnings
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How much of a prize Is taken out for taxes? The lottery is required by the The state of South Dakota does not tax lottery winnings How can I hear

Before the winner receives any of the money, however, the IRS automatically takes 24% of the winnings The rest of the winnings are expected to be paid by the Most states charge taxes on winnings, too, which range from % to % Eight states don't charge any income tax on lottery winnings

neko77 slot Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %, The Department regularly notifies the Tennessee Lottery of individuals who owe tax debts of over $100 to the state If such a person