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what is the tax rate on lottery winnings

what is the tax rate on lottery winnings

Tallying Up the Taxes on Lottery Winnings - TurboTax what is the tax rate on lottery winnings The IRS automatically withholds 30% of net lottery winnings in the US The rate at which the net winnings are ultimately taxed though depends on what time is the lottery drawn tonight Are winnings taxed? The Tax Laws Act reintroduced WHT on winnings at the rate of 20% What are winnings ? Winnings include money won, spoils

what are the winning lottery numbers for tonight 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

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