Here's what the $1 billion Powerball winner could owe in taxes

tax percentage on lottery winnings
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California, unlike some other states, does not levy income tax on lottery tickets purchased within its borders However, this doesn't mean

10,000 then 30% is the TDS rate on the actual winning amount or value to be deducted Q- Can income tax deducted from lottery winnings be

taxes on poker tournament winnings The tax on lottery winnings, crossword puzzles, card games, etc is a flat rate of 30% After adding the health and education cess of 4%, the

taxes on $1 million dollars lottery winnings 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