Won Rs 1 crore, Rs 1 lakh or Rs 1000 from lottery, competition

what is the tax rate on lottery winnings
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If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding

Reportable state lottery winnings means state lottery winnings the state agency conducting the lottery is required under the Internal Revenue Code or

what is the taxes on lottery winnings Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no

what slot does gpu go into Federal Tax Withholding: The lottery is required to withhold 24% of your winnings for federal income tax purposes if you win more than $5,000