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tax for lottery winnings

tax for lottery winnings

Are gamblinglottery winnings subject to Michigan individual income tax for lottery winnings The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab taxes on lottery winnings in florida That's because lottery winnings are generally taxed as ordinary income at the federal and state levels In fact

taxes on poker tournament winnings Is lottery & gambling income taxable? Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by

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