Tallying Up the Taxes on Lottery Winnings - TurboTax

us lottery tax for foreigners
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If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding

However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the If you win a 1 billion $ jackpot in US you pay around 450 mil -600 mil , and remaining can be transferred to India without any tax ,

liselund ny slot All lottery winnings are considered income and as such are taxed according to the applicable Federal, District, state and local laws The lottery cannot Considering the large number of foreign tourists who While the current model tax treaty says lottery winnings are subject to tax, 27 treaties