Tax Tips for Lottery Winners

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As a California Lottery winner, an IRS W2-G Form will be mailed to you by January 31 for the previous tax year This form reports the amount of your Lottery

lottery pdf Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or

lottery sambad 22 As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount