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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

The taxability of any income in India depends on the residential status of the person If a person is a resident of India, his entire  Do you need to pay tax on lottery winnings? Good question If you're wondering if you have to pay tax on lottery winnings then guess what, you

slot game xo Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37% No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual Q- When will awards be tax-free?