Directive 86-24: Lottery Winnings; Lottery Tickets -

how is the lottery taxed
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Gambling and lottery winnings and losses · You don't report your gambling income net of expenses, though · Instead, you must report your gambling

California, unlike some other states, does not levy income tax on lottery tickets purchased within its borders However, this doesn't mean  tax is withheld from the prize Note: If two or more claimants share in the taxation of the lottery prize, the Wisconsin Lottery will issue each

captain jack slot No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual  The reward would be subject to tax according to Section 56 and reported under the title “Income from Other Sources ” The lottery winners are