What is the Tax for Lottery Winnings Prize in Kerala? TDS

Regardless of which option the player takes, the IRS takes a minimum 24% federal withholding tax upfront on lottery winnings That's a big chunk

The winner will likely be responsible for an additional 13% in federal taxes when their taxes are due, which will reduce the earnings to around

taxes on lottery winnings ohio In addition, the Lottery is required to report to the IRS gambling winnings that are $600 or more, and at least 300 times the amount of the wager State Income

taxes on lottery winnings canada The winner will likely be responsible for an additional 13% in federal taxes when their taxes are due, which will reduce the earnings to around