ELI5: American lottery taxes and fee : rexplainlikeimfive

ELI5: American lottery taxes and fee : rexplainlikeimfive how much taxes on 250 000 lottery winnings
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how much is a green poker chip worth Section 194B of Income Tax Act, 1961 states that winnings from lotteries, game shows, card games, online games, crossword puzzles, quiz shows,

how long do poker games last Lottery winnings are not regarded as taxable income But there are indirect ways where your winnings could be taxed Essentially, even though The IRS charges a flat rate of 24% on all lottery winnings over $5,000 For example, if you won $1 million, you would pay around $240,000 in