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do you have to pay tax if you win the lottery

Do I have to pay taxes every year on lottery winnings?

do you have to pay tax if you win the lottery

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do you have to pay tax if you win the lottery

website do you have to pay tax if you win the lottery Will You Pay Tax When You Win the Lottery? Winning the lottery can make your dreams come true overnight and jackpot prizes often reach astronomical download the national lottery app If you win a 1 billion $ jackpot in US you pay around 450 mil -600 mil , and remaining can be transferred to India without any tax ,

do you have to pay tax if you win the lottery While lottery winnings aren't taxable, you may be subject to taxes once you've deposited the funds or if you give any winnings as a gift Let's  The Pennsylvania Lottery will automatically withhold PA personal income tax on prizes greater than $5,000 claimed after July 12, 2016 Winners of over $600  HM Revenue & Customs doesn't regard lottery winnings as income, so all prizes are tax-free

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