An an Indan Citizen, What if you win 1 Billion Lottery grand jackpot

A: No The tax will be deducted from your winnings and paid by the National Lotteries Board to the Board of Inland Revenue Q: Who

Cash winnings will be taxed in the year the money is received, noted Charles Shader, a taxation specialist at Facet, a financial planning firm

does a flush beat a straight in poker For federal purposes, report your total winnings on your Form 1040 Schedule 1 and report all your losses (cost of buying all your tickets for the taxable

does virginia tax lottery winnings States like New York impose a % tax on lottery earnings, whereas others, such as Texas, Florida, and California, do not tax them at all