An an Indan Citizen, What if you win 1 Billion Lottery grand jackpot

if you win the lottery is it tax free
➡️【Mk.com】✅भारत का आधिकारिक ऑनलाइन कैसीनो✅️लाखों जैकपॉट आपका इंतजार कर रहे हैं, अपने बोनस का दावा करने के लिए अभी पंजीकरण करें✅️भारी बोनस जीतने के लिए दोस्तों को आमंत्रित करें✅️  Dan if you win the lottery how much goes to taxes

Q: What taxes are withheld if I win a lottery prize? A: For residents and resident aliens, percent in federal and state withholding taxes is deducted

The good news is there is no income tax on lottery winnings here in California California is one of the eight states that does not require Example: If you won $10,000 but lost $15,000 You may deduct $10,000 California lottery We do not tax California Lottery or Mega millions

money coming slot-tada games Prizes are paid as a lump sum and are tax-free If this is accomplished, they win However, you don't need to declare prizes won in ordinary lotteries such as lotto draws and raffles If you win prizes as a game show contestant, you only