Do you have to pay tax on a lottery win?
Do you have to pay tax on a lottery win?
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if you win the lottery is it tax free Dan if you won a million lottery jackpot
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However, you don't need to declare prizes won in ordinary lotteries such as lotto draws and raffles If you win prizes as a game show contestant, you only
Note Income earned on any of the above amounts is taxable Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a
nc education lottery promo code California does not tax lottery winnings If individuals win the lottery in California, they are not required to pay state taxes on their winnings However, So if a person is a resident of India, the amount of lottery, winnings shall be taxed under Income From Other Sources in India even if it