What is Tax on Kerala Lottery Prize Money?

lottery winning tax
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Winnings are taxed the same as wages or salaries are, and the total amount the winner receives must be reported on their tax return each year Before the winner

Gambling and lottery winnings and losses · You don't report your gambling income net of expenses, though · Instead, you must report your gambling

lottery winner in michigan Is lottery & gambling income taxable? Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by

lottery numbers mega millions Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on lottery winnings, ranging from 0% to %