Tax on winning lottery, puzzle, card game, horse race

Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

State lottery winnings are reportable to the IRS where the State agency conducting the lottery requires a winner to complete federal Form W-2G, Certain Gambling

lottery sambadcom lottery sambadcom Lottery Land on Winnings tax On winnings from wagering on the results of the lottery, Lottoland does not levy taxes However, all prize

lottery vic Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or