what are lottery winnings taxed at
Tallying Up the Taxes on Lottery Winnings - TurboTax
what are lottery winnings taxed at
website what are lottery winnings taxed at The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab what is the rising action of the lottery The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab
what are lottery winnings taxed at While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding 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 winners paid millions in taxes, but the specifics might astonish you This video
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