Tax on Lottery Winnings and Game Show Winnings in India
Your winnings are considered taxable and are added to your ordinary income when taxes are calculated If your earnings are big enough, they can
How Taxes on Lottery Winnings Work tax rate on lottery winnings
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Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no
taxes on lottery winnings The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that
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