Do you need to pay tax on lottery winnings?

Depending on how much you win and on your income, you'll then have to pay a further % to make up the total % that's the top income tax

While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding

how do you play second chance lottery Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act Surcharge and Cess: In addition to

how to hack slot game online Things to Remember About Section 194B · If the prize is given partly in cash and then partly in kind, then the tax on the whole prize would be deducted from the