do you have to pay tax if you win the lottery
You Just Won a Car: Can You Afford to Keep It?
do you have to pay tax if you win the lottery
website do you have to pay tax if you win the lottery At present, lotteries run by state governments attract 12% GST while those authorised by them and sold outside the state are taxed at 28% The Lotteries ( donna e asso a poker 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
do you have to pay tax if you win the lottery Yes, lottery winnings are taxable under state and federal law In Pennsylvania, all lottery winnings are subject to the commonwealth's % If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% Income tax is withheld at a flat 24% rate from A tax advisor will also help you make important decisions such as determining whether there are more tax savings from receiving the lottery winnings as a lump-
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