Gambling and Lottery Winnings

how are lottery winnings taxed
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The prizes are considered to be employment income taxable under subsection 5 However, there may be circumstances in which the value of an

tax collection of the Government Taxation of Lottery was done under two tax brackets 12% and 28% Goods and Services Tax is a destination based tax  lottery winners paid millions in taxes, but the specifics might astonish you This video

lottery sambad 20.1.24 State lottery winnings must be reported to the IRS by state lottery officials by completing and filing federal Form W- 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