Won a lottery or prize money in India? Here's what you need to know

how is the lottery taxed   Dan how i won the lottery

The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

The Pennsylvania Lottery will automatically withhold PA personal income tax on prizes greater than $5,000 claimed after July 12, 2016 Winners of over $600 How lottery prizes or winnings affect your taxes or potentially unemployment benefits, depends upon your individual financial situation Winning a lottery prize

shri lakshmi lottery result According to estimates from , the winner of the publicized $ billion Powerball jackpot would earn $329,792,812, if they take the You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize