Income Tax on Awards & Prizes
Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,
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The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of 5% from all payments of reportable Connecticut lottery winnings made to
how many decks of cards for poker As per Section 194B of the Income Tax Act, the rate of TDS for lottery winnings is 30%, and health and education cess is charged on the
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