The IT department loves it when you win a lottery or when

if u win the lottery how much is taxed
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Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or

Lottery winnings are considered taxable income for federal tax purposes and your winnings are taxed the same as your wages or salary Most prize winners pay a

if i win the lottery do i pay tax If the total $ billion payout is chosen: Federal taxes: $324 million; Take-home: $ billion If the cash option

if i hit the lottery there will be signs You may also be subject to a surcharge if you have a payout of more than Rs The surcharge is mainly for when you earn more money off of a