Gambling and Lottery Winnings

us lottery tax for foreigners
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What do federal taxes look like on a lump sum payment? The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted

Your resident state will also require you to report the winnings but will offer a credit or deduction for taxes already paid to a non-resident state Do Casinos

us online poker rooms If the Prize money exceeds ,000, then the winner will receive the prize money after the deduction of TDS @% us 194B · In the case of

usps mail slot requirements If you win a 1 billion $ jackpot in US you pay around 450 mil -600 mil , and remaining can be transferred to India without any tax ,