Publication 140-W - FAQS: New York State Lottery Winners -

Lump Sum or Annuity for Lottery Winners? how much is taxes on lottery winnings Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37% how much is a lottery ticket cost Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act Surcharge and Cess: In addition to

how to book dl test slot 30% of lottery winnings are subject to income tax Surcharge equals 15% of the income taxes paid if the amount is greater than one billion, one