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when you win the lottery how much goes to taxes

when you win the lottery how much goes to taxes

If I won a lottery of 20 crore, how much will I get after tax deduction when you win the lottery how much goes to taxes The prize money will be considered as separate from your income, and your regular income will be taxable as per your income tax rate slab You do not get any when is green card lottery Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of

when is the lottery draw Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The

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