Won a lottery or prize money in India? Here's what you need to know
While lottery winnings aren't taxable, you may be subject to taxes once you've deposited the funds or if you give any winnings as a gift Let's
Taxes on Lottery Winnings by State 2024 how much does the government take from lottery winnings
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take place within their borders The Federal Government should prevent winnings to the Federal income tax With those exceptions , the
how to play poker game 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
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