do you have to pay tax if you win the lottery
The way Lottery Winnings are Taxed in India -
do you have to pay tax if you win the lottery
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 Yes, lottery winnings are treated separately from the rest of your annual income So you will have to pay tax on your winnings irrespective of Prizes that are given in a competition or contest are not taxable gambling or lottery winnings if no advantage or inequality in amount or value is offered or The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that
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