do you have to pay taxes on lottery winnings every year
Taxes on Lottery & Gambling Winnings: What You Need to Know
do you have to pay taxes on lottery winnings every year
do you have to pay taxes on lottery winnings every year
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do you have to pay taxes on lottery winnings every year Yes, lottery winnings in India are subject to tax Lottery winnings are considered to be income and are therefore taxable under the Income Tax The tax rate will be determined by your income on your federal income tax paperwork So, for instance, if you make $42,000 annually and file as single, your 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