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That's a big check to write on April 15th Since the tax withholding rate on lottery winnings is only 24%, some lottery winners do not plan

The deducted TDS amount is reflected in Form 26AS as Tax Credits for the payee Tax Calculator · Online

lottery 16 8 65 Amounts won from a game show or lottery are taxable under Section 56 of the Income Tax Act, 1961 According to Section 194B winnings from lotteries,

lottery georgia 5 Taxes on Lottery Winnings, Raffles, Charity Drawings, and Sweepstakes by Wager estimated tax payments to cover the taxes resulting from the winnings