Personal Income Tax
Personal Income Tax
lottery prize is not exempt from federal income tax because of a foreign tax treaty The current federal withholding rate for individuals is
Yes you do Lottery prizes regardless of the source are taxable as income by the United States citizens are taxed by the United States on Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income
kerala lottery result ss 393 You'll also likely find yourself in the top federal tax bracket of 37% (remember, these rates are progressive, so you won't actually lose 37% of If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding
