Lottery Winnings: How much tax? How much can I give to family?

After the 24% withholding, the winner could still owe another 13% in federal taxes, or about $70 million Marginal tax brackets for tax year

Prize winners pay betting and lottery tax on prizes If you organise a national game of chance and reside or are based in the Netherlands, you can deduct

is lottery legal in india 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

is lottery a sin in the bible Does the winner of a lottery prize need to pay tax? Prizes won at lotteries subject to lottery tax comprise tax-exempt income for the recipient