Won a lottery or prize money in India? Here's what you need to know

Won a lottery or prize money in India? Here's what you need to know how to pay taxes on lottery winnings Most states charge a tax on lottery winnings The amount initially withheld and how the winnings get taxed depends on your state's tax rate how much money do you actually get from the lottery Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you

how much money do you actually get from the lottery Prize winners pay betting and lottery tax on prizes If you organise a national game of chance and reside or are based in the Netherlands, you can deduct

how to play poker rdr2 Determine if your gambling winnings are exempt from federal income tax and if you're eligible to claim a refund of withheld taxes  These include winnings from horse races, betting, and casinos They are all treated as gambling income by the IRS and must be reported as such