Taxes on Lottery & Gambling Winnings: What You Need to Know

if you win lottery do you pay tax
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I want tax residency of a country that don't tax gambling wins Still you would be deemed resident and have to pay tax in India

It's very important to pay the necessary taxes on lottery or prize money winnings in order to prevent fines and other legal repercussions Such

if i win the lottery how much can i give to family Tax Tip: Before you receive one dollar, the IRS automatically takes 24% of your winnings as tax money You're expected to pay the rest of your tax bill on that

if you win the lottery The good news is there is no income tax on lottery winnings here in California California is one of the eight states that does not require