How are Lottery Winnings Taxed?

what is the taxes on lottery winnings   Dan whats the best lottery to play uk

Yes and no Technically, the answer is no The IRS taxes the money in the exact same manner, whether you take a lump sum payment or not Twenty-

For residents and resident aliens, percent in federal and state withholding taxes is deducted for every Lottery prize over $5,000 Current federal tax law Lottery winnings are taxable in India under the Finance Act of 1986 and Income Tax Act at a flat 30% rate There is an extra percentage

play slot 77 Proceeds of lottery prizes shall be subject to Kentucky state income tax A holder of a winning cash ticket from a Kentucky lottery game shall claim a  State tax rates on lottery winnings vary If you live in Georgia, your state tax rate for lottery winnings is % That means you get