Directive 86-24: Lottery Winnings; Lottery Tickets -
You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes · Most tangible
How are Lottery Winnings Taxed? how much tax deducted from lottery winnings
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30% of lottery winnings are subject to income tax Surcharge equals 15% of the income taxes paid if the amount is greater than one billion, one
how to retrieve my dv lottery confirmation number As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount