How much would the $ billion Powerball jackpot's tax bill be?
How much would the $ billion Powerball jackpot's tax bill be?
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Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%
Income tax is withheld at a flat 24% rate from certain kinds of gambling winnings are: More than $5,000 from sweepstakes, wagering pools, For winnings of more than $5,000 the DC Lottery withholds percent of lottery winnings for District income taxes The lottery cannot estimate your tax
aplikasi demo slot pragmatic Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out Reporting Gambling Winnings You'll report the income and the taxes already paid on it under Other Income on your Form 1040 tax return when you prepare your
