Income Tax on winnings from Lottery, Game Shows, Puzzle

Income Tax on winnings from Lottery, Game Shows, Puzzle how much taxes are taken from lottery winnings
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how to play omaha hi lo poker The Internal Revenue Service requires the California Lottery to withhold federal taxes from many prizes Many winners have shared their winnings with

how late can i buy lottery tickets Tax Rate: Winning from lottery is taxable at a special rate of 30% No deduction is allowed Also no benefit of slab rate can be taken  US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government