The IT department loves it when you win a lottery or when

taxes on lottery   Dan taxes paid on lottery winnings

State Lottery winnings are currently subject to federal income tax withholding only if the proceeds from the wager

Levy and collection of tax on lottery 60 per cent , of taxable turnover plus surcharge levied under section 15-1A or Rs 5,00,000, whichever is higher :  Ask for a detailed break out of all taxes at each step including federal, state and local income tax as well as estate tax

lottery tockets Proceeds of lottery prizes shall be subject to Kentucky state income tax Any attachments, garnishments, or executions authorized and issued pursuant to Can you avoid taxes on a Mega Millions payout? Having a winning ticket from a state that won't tax your lottery winnings (including for example, California