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how do taxes work on lottery winnings

how do taxes work on lottery winnings

Gambling Winnings Tax how do taxes work on lottery winnings It's very important to pay the necessary taxes on lottery or prize money winnings in order to prevent fines and other legal repercussions Such how much is tonight''s lottery It is one indirect tax for the whole nation, which will make India one unified common market It is based on the principle One Nation One Tax GST is a single

how to win american lottery Answer: Lottery payments are subject to tax as ordinary income While there is little you can do to avoid this income tax, there are steps you can take to

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