An an Indan Citizen, What if you win 1 Billion Lottery grand jackpot

do you pay tax on a lottery win
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If an individual receives a lottery win in Australia it is generally deemed a one off prize and not taxable The website advises

That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and If you are a nonresident, Wisconsin Lottery winnings are taxable to Wisconsin If your Wisconsin gross income

lottery result live today Like all other taxable income, the IRS requires you to report prizes and winnings on your tax return, too That means you might have to pay Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you