Here's the tax bill for the winning $ Mega Millions ticket

winning from lottery tax rate
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A winner does not have to be a citizen in order to claim a prize Federal tax rates are subject to change and there may be an additional tax liability

The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab

winning in poker If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding

winning lottery numbers mn Are winnings taxed? The Tax Laws Act reintroduced WHT on winnings at the rate of 20% What are winnings ?