how much do they take out of lottery winnings
Illinois Lottery Calculator, Gambling Winnings Taxes
how much do they take out of lottery winnings
how much do they take out of lottery winnings
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how much do they take out of lottery winnings The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a
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