Do you need to pay tax on lottery winnings?

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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

In India, lottery winnings are subject to a tax deduction at source of 30% if the amount of the winning exceeds Rs 10,000 Therefore, if Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The

w753 lottery result today kerala That cuts the winner's take home to $595,308,000 Gambling winnings are subject to mandatory federal withholding taxes, so your lump sum payment If you are a nonresident, Wisconsin Lottery winnings are taxable to Wisconsin If your Wisconsin gross income