Lottery Winnings: How much tax? How much can I give to family?

if u win the lottery how much is taxed
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If the income exceeds INR 10,000 during the financial year, the prize distributor is liable to deduct TDS at % when making the payment TDS

Lottery winnings are considered taxable income for federal tax purposes and your winnings are taxed the same as your wages or salary Most prize winners pay a

if you win the lottery is it taxed For example, if a person purchases ten Connecticut Lottery tickets at $1 apiece for the same drawing and one of the tickets wins $5,500, the amount of the

if i won a lottery essay Nope! There's no tax to pay when you win the lottery! Result! However, you might have to start paying tax when your winnings start making you money (such as