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how is the lottery taxed

What is Tax on Kerala Lottery Prize Money?

how is the lottery taxed

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how is the lottery taxed

website how is the lottery taxed While you as the winner will not be required to pay any tax on the money you win, your friends may be required to pay Gift Tax on whatever how much is the national lottery tonight According to estimates from , the winner of the publicized $ billion jackpot would earn $280,885,562, if they take the lump sum

how is the lottery taxed To put the tax difference between installment payments and a lump sum in real numbers, any winner taking installments and receiving $539,900 or  You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes · Most tangible  Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,

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