Won a lottery or prize money in India? Here's what you need to know

what are federal taxes on lottery winnings
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Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,

Yes Gamblinglottery winnings are subject to Michigan individual income tax to the extent that they are included in your adjusted gross income The Michigan

what was today''s lottery numbers When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal

what are the lao lottery prizes While you don't have to report lottery winnings of $600 or less, if you win more than $5,000, the government will hit you with a 24 percent federal withholding