What is Tax on Kerala Lottery Prize Money?

The payer must provide you with a Form W-2G if you win: If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you

The levy of GST was on the face value of lottery tickets, including the prize money awarded to winners sub-agent customer, if a tax is paid by a

if you win the lottery how much is taxed Still, you'll probably owe more when taxes are due, since the top federal tax rate is 37% So a good first step a lottery winner could take is

if you win lottery what should you do If you win more than $5,000, you have to pay a 24 percent federal withholding tax However, depending on your annual earnings and tax deductions, you may get