What is Tax on Kerala Lottery Prize Money?

how much taxes are taken out of lottery winnings
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The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of 5% from all payments of reportable Connecticut lottery winnings made to

You have to pay the taxes for those winnings in full The point is valid for all winnings, regardless of how you might have acquired those funds

how to buy lottery tickets at gas station The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

how quickly does the national lottery email you if you win The IRS gets $187,992,000 of that right away, since the tax law require 24% federal income tax withholding that is sent directly to the IRS