Mega Millions lottery winnings: How much do you make after taxes?

website what taxes do you pay on lottery winnings Lottery winnings in India are considered 'Income from Other Sources' and must be reported under this category on your income tax return The what time does circle k stop cashing lottery tickets US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government

what taxes do you pay on lottery winnings 10 lakh, you will have to pay a 30% tax on lottery winnings You will also have to file a return to claim your winnings The government uses the  Taxes · Federal Income Tax: 24% · State Income Tax: % · Senior citizens are not exempt from having taxes withheld · By law, non-resident aliens are subject to  As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games show, etc will attract tax at the rate of 30%

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