Publication 140-W - FAQS: New York State Lottery Winners -

Publication 140-W - FAQS: New York State Lottery Winners - do you get taxed if you win the lottery
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do scratch off lottery tickets expire Lottery winnings are subject to federal and sometimes state taxes If you win big, plan for the taxes ahead of time Updated May 24, 2024

dogs playing poker painting Lottery winnings in India are subject to a flat 30% tax rate This means that if you won 20 crore, you would have to pay 6 crore as tax, The federal government withholds 24% of your winnings immediately You may owe additional federal taxes depending on your overall tax bracket Each state also