Income Tax on winnings from Lottery, Game Shows, Puzzle

Winnings are reported to federal and state tax agencies, and tax rates are based on taxable income What to know if you hit the jackpot: Here

Do I have to pay taxes on my winnings? Yes All prize winnings are subject to federal and state income tax withholding State tax of % is automatically

if you won the lottery Lottery wins are subject to a 30% TDS rate However, the TDS rate increases to % (including surcharge and

if i won the lottery i would buy The good news is there is no income tax on lottery winnings here in California California is one of the eight states that does not require