Tallying Up the Taxes on Lottery Winnings - TurboTax

How much tax has to be paid on lottery or game show prize money? lottery calculator tax While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding lottery ka ticket kaise kharide Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The

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