Here's how much you pay in taxes on a Texas Lottery win

if u win the lottery how much is taxed
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income tax if the prize payment is includable in your federal adjusted gross income for the tax year If you are a resident of New York City or Yonkers, the

If the wins are taxable, no reductions or tax-free exceptions may be taken from them As a result, the taxpayer cannot deduct anything from

if i win a lottery paragraph The governing lottery body withholds 24% of the prize automatically, leaving the balance to be paid by the winner, according to Lottery USA If

if you win the lottery is it taxed Lottery winnings in India are subject to a flat 30% tax rate This means that if you won 20 crore, you would have to pay 6 crore as tax,