How much money will you get after taxes if you win the Mega

website how much taxes taken out of lottery winnings Tax Rate: Winning from lottery is taxable at a special rate of 30% No deduction is allowed Also no benefit of slab rate can be taken how to win rdr2 poker Q: Are lottery prizes subject to taxation? A: Effective August 13th 2018, lottery winnings are subject to taxation ; Q: What is the rate of tax? A: Ten percent

how much taxes taken out of lottery winnings While filing the income tax return, the prize money won must be disclosed under 'income from other sources ' the winner of the lottery must also  money, goods, property, and services Connecticut income tax will not be withheld from state lottery winnings other than Connecticut lottery winnings   The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

Share

Share

Link

Turn off sharing Copy link

See all details