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What is the Tax for Lottery Winnings Prize in Kerala? TDS

What is the Tax for Lottery Winnings Prize in Kerala? TDS

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when you win the lottery how much goes to taxes
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California does not tax lottery winnings If individuals win the lottery in California, they are not required to pay state taxes on their winnings However,

The lottery agency must withhold 25% of your winnings for federal income taxes How much is withheld for state income taxes varies from state to How much will the lottery winner pay in taxes? The IRS views lottery winnings as ordinary income The top tax bracket for the highest earners

sugal damani lottery Before the winner receives any of the money, however, the IRS automatically takes 24% of the winnings The rest of the winnings are expected to be paid by the When you win a trip, you are taxed on its fair market value Depending on the sort of holidays you take, the taxes might be as much as you'd normally spend on

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