Here's the tax bill for the winning $ Mega Millions ticket

website how much is lottery tax Lottery winnings are taxed at a flat 30% rate in the states where it is legal to play and can be added an extra percentage depending on the how to buy slot machines How Much Do Lottery Winners Pay in Taxes? Unveiled! Are you curious about the tax

how much is lottery tax Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %,  With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after  Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

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