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how much do you get taxed on lottery winnings

how much do you get taxed on lottery winnings

Lottery Tax Calculator: How It Works, What You Owe how much do you get taxed on lottery winnings Prize money is considered any money received from awards, raffles, lottery winnings, and any other type of contest Generally, the IRS taxes prize money as how much do lottery tickets cost As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games show, etc will attract tax at the rate of 30%

how to buy texas lottery tickets online US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government

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