I Won the Lottery! How Bad Are Taxes Going to Be?

do you get taxed if you win the lottery
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It depends on when you can get the money, not when you know that you won or when you choose to take the ticket in If you can present your

If the award is approved by the Government, you don't have to pay taxes If, however, the award is not approved, tax would have to be paid  Before seeing a penny of the jackpot, the winner will pay a 24% mandatory upfront federal withholding to the IRS If they choose the $

what to do if you have a winning lottery ticket 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  estimate your total income tax liability for the year to determine if you should be paying Do I still have to pay New York City income tax? A: When you